Your Best Defense? A Data-driven Offense: Synthetic ID fraud occurs when fraudsters use parts of real identities to create a completely fake identity. Fraudsters use these synthetic identities to open new accounts for mobile phones, pay-tv, utilities and other services, with no intention of ever paying the service provider. When it comes time to pay, they’re impossible to locate, forcing service providers to write off the balance. Communications, energy and digital media providers are paying the price with millions of dollars in annual losses to their bottom line.
-By FICO
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| Quantity | Price per voucher |
|---|---|
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| Synthetic Identity Fraud Checklist for Services Providers – It’s Costing Millions Each Year, and it’s on the Rise |
| Synthetic Identity Fraud Checklist for Services Providers – It’s Costing Millions Each Year, and it’s on the Rise |