One Article Review
| Source |  CSO |
|---|---|
| Identifiant | 7584663 |
| Date de publication | 2022-10-20 06:01:00 (vue: 2022-10-20 14:08:11) |
| Titre | Financial losses to synthetic identity-based fraud to double by 2024 |
| Texte | Losses to imposter scams based on synthetic identities-identities that only exist as figments in a credit reporting bureau's records-will rise from a reported $1.2 billion in 2020 to $2.48 billion by 2024 in the US, according to an analysis published Thursday by identity verification vendor Socure.Synthetic identities became a common concern for businesses and financial institutions in the mid-2010s, Socure's report said. Typically, such an identity is based on a real person, but with a slight tweak to some piece of personally identifiable information, like a different date of birth or Social Security number.This altered identity is frequently verified by nothing more than a credit check-which means that it's rarely detected. A fraudster can then use the identity for a wide array of purposes, including different types of loan applications and credit cards.To read this article in full, please click here |
| Envoyé | Oui |
| Condensat | 2010s 2020 2024 according altered analysis applications array article based became billion birth bureau businesses but can cards check click common concern credit date detected different double exist figments financial fraud fraudster frequently from full here identifiable identities identity imposter including information institutions like loan losses means mid more nothing number only person personally piece please published purposes rarely read real records report reported reporting rise said scams security slight social socure some such synthetic than then thursday tweak types typically use vendor verification verified which wide will |
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