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Cybercrime 101: How to Protect Yourself Against Synthetic Identity Fraud Scams


Synthetic identity theft is when fraudsters pair real and fictitious customer data to create false identities. It's the fastest-growing cybercrime in identity fraud—and it costs banks $6 billion annually. Even worse, this scam is almost impossible to trace.

Here's a look at synthetic identity fraud—or in the spirit of October, Frankenstein fraud—what it is, its impact on individuals, and how you can take proactive steps to keep the fraudsters away.



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Originally posted by IDX

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