Guide

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Three Best Practices for Preventing Synthetic Identity Fraud Losses

Decorative

August 5, 2024

It’s sad, but true: Criminals are flocking to synthetic identity fraud.

Why? Because…

  • It has a low barrier to entry
  • It's difficult to detect
  • The average payoff is upwards of $81,0001

Without the right tools, synthetic fraud is uniquely hard to catch. Criminals act like regular consumers and don’t raise red flags — until it’s too late. By the time the account defaults, they’ve made off with the funds.

But good news: You have the power to stop this.

Comb through this guide for three great ways to prevent synthetic fraud losses.

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