Sat.Nov 05, 2022

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Prepare your Business Against Synthetic Identity Theft

SCMDOJO

Synthetic identity theft is one of the fastest-growing types of identity fraud. Thanks to its complex, hybrid nature, it has resulted in significant losses for businesses and their brands. A report from the US Federal Reserve estimated the cost of synthetic identity fraud to have been over $6 billion. The same research found synthetic identity fraud to account for 20% of all credit card losses.