Synthetic Identity Fraud

Human Factor Radar - Synthetic Identity Fraud

The new form of identity theft dubbed Synthetic Identity Fraud (SIF) uses a mix of real and fabricated information to create the illusion of a real person who doesn’t actually exist. Hence, it is almost impossible to trace the perpetrators behind this. Fraudsters then use this identity in an attempt to gain credit with the fictitious ID to monetise it. The infographic designed by the Research Team at Security Quotient gives you a brief on Synthetic Identity Fraud.

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