Where Credit's Due Ep. 7: A digital economy carries the risk of fraud in financial services
Tearsheet Podcast: Exploring Financial Services Together
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What Is Synthetic Fraud?
i like to simply think of it of when any unauthorized party is gaining access to an account. Account takeover fraud was roughly almost a seven billion dollar problem just in the last research yor a. And then i'd like to define new account fraud simply as that. But it's when criminals are using information to establish new accounts, where we saw a hundred and nine % increase. It's a big issue, certainly. In kem, i wondered if you would sort of like to find synthetic fraud? O, synthetic fraud. O, can't take r fraud and no, also, perhaps the difference is because there's a difference of the type of fraud that happens on the
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