Which customer is real and which is synthetic? Synthetic identity fraud is a growing problem, with the industry struggling to even identify, let alone mitigate, this type of fraud. A lack of general awareness, differing definitions and inconsistent reporting methods contribute to this challenge.
Over the past two years, the Federal Reserve has focused on increasing industry awareness of this issue and leading collaborative efforts to improve detection and mitigation, including a recent effort to develop a clear and common definition for synthetic identity fraud.
To learn more about this complex type of fraud and potential mitigation strategies join the Federal Reserve and GIACT for a webinar Tuesday, April 19 at 1 PM ET (12 PM CT).
Staci Shatsoff | Federal Reserve Bank of Boston
Assistant Vice President, Secure Payments & FinTech
Staci is responsible for leading the execution of programs and strategies that advance payment security and fraud mitigation across the industry through research, outreach, and collaboration efforts.