The Federal Reserve continues to expand its Synthetic Identity Fraud Mitigation Toolkit with new information on providers of synthetic identity fraud mitigation products and services.
The July/August issue of Fraud Magazine, published by the Association of Certified Fraud Examiners (ACFE), features an article co-authored by experts from Federal Reserve Financial Services on how to more effectively fight synthetic identities used for fraud involving payments.
The latest release of the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit includes tools to help differentiate real customers from synthetics using identity validation tools and alternative data, and resources on how to identify synthetics at different stages of the relationship.
The Federal Reserve’s new Synthetic Identity Fraud Mitigation Toolkit provides financial institutions, consumers and businesses with an online repository of insights and resources for addressing this growing type of fraud.
The Federal Reserve is developing a toolkit of insights and resources to help financial institutions, consumers and businesses address the growing threat of synthetic identity 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.
The Federal Reserve convened a cross-industry focus group of 12 fraud experts to develop a recommended definition of 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.
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.