Is synthetic identity fraud on the rise? Are fraudsters taking advantage of provisions in the CARES Act that allow forbearance of delinquent accounts to extend the life of synthetic identities? When will the electronic Consent Based Social Security Number (SSN) …

ID Analytics recently hosted a webcast on identity fraud trends in 2020.  Since identity fraud is a pervasive problem that is constantly evolving, we wanted to share the most-asked questions during the live presentation with our broader readership.

Q:

From 2018 – 2019 ID Analytics identified a notable increase in the use of Social Security numbers (SSNs) belonging to deceased individuals on new applications within our ID Network®, a unique cross-industry repository of consumer information. ID Analytics executed a …

Brandon opens a new credit card account. He begins making purchases, racking up significant debt, never pays his bill and can’t be located by the credit issuer when they attempt to collect on the account. Is this first-party fraud—a standard …

ID Analytics recently hosted a webcast, where we discussed trends in the evolution of synthetic identity fraud and advancements being made to address this rising threat. During the live presentation, we received questions from attendees regarding the new electronic Consent …