Progress Made in Defining Synthetic Identity Fraud
A Federal Reserve-convened focus group of fraud experts is on track to publish an industry-recommended definition of synthetic identity fraud in early 2021.
A Federal Reserve-convened focus group of fraud experts is on track to publish an industry-recommended definition of synthetic identity fraud in early 2021.
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.
We are pleased to announce that Federal Reserve Bank of Chicago Senior Vice President Todd Aadland has been appointed as the Payments Security Strategy Leader. In his new role, Todd’s responsibilities will include chairing the Secure Payments Task Force and leading the Federal Reserve System’s activities aimed at addressing fraud …