The latest addition to the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit focuses on how generative artificial intelligence (Gen AI) is leveraged to create realistic-seeming synthetic identities.
A new recommendations report encourages the industry to consider creating a solution or establishing an independent information exchange framework for a holistic view of scam intelligence from existing sources across payment rails.
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on trends and improving the security of all payment types, including check payments.
To better understand and mitigate scams, the Federal Reserve’s scams definition and classification work group has published an operational definition of the term.
The Federal Reserve launched a scams information sharing work group. Learn more about the group and its goals.
The Federal Reserve has established a scams definition and classification work group. Learn about the group and its goals.