The Federal Reserve has published the second research brief in a series, which takes a closer look into payment use cases and authentication methods that can help prevent the most common types of remote authentication fraud.
The Federal Reserve engaged experts from across the payments ecosystem to explore how the industry-recommended definition of synthetic identity fraud is being used to help mitigate this type of fraud.
Anti-fraud professionals have the opportunity to learn about the FraudClassifier model by reading the March/April issue of Fraud Magazine, published by the Association of Certified Fraud Examiners (ACFE).
Over the past year, the Federal Reserve has spoken with over 50 industry experts on this topic for its Payments Fraud Insights white paper series. Following the release of the final white paper in this series, the Federal Reserve hosted a webinar to discuss strategies for mitigating synthetic identity payments fraud with two of these experts.