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a16z Podcast

a16z Podcast: Stories from the Frontlines of Synthetic Fraud

Jun 25, 2019
Naftali Harris, co-founder and CEO of Sentilink, dives into the fascinating world of synthetic fraud in the financial sector. He uncovers how this new form of deception costs $1-$2 billion annually and the complex lifecycle of fake identities. Harris discusses how fraudsters exploit gaps in identity verification, particularly during the 'bust out' phase. He emphasizes the urgent need for better detection methods and a national identification system, making it clear that traditional approaches are no longer sufficient to combat this evolving threat.
34:30

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