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.
Originally posted by IDX
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