Moody’s Talks: KYC Decoded

Unmasking the threat: The dark reality of synthetic identities

Oct 11, 2024

42:05

From social media account information to password creation to IP addresses, the digital footprint we create grows larger every time we go online – and it is virtually impossible to avoid. At the same time, sophisticated criminals can capture this wealth of Personally Identifiable Information (PII) and create synthetic identities to commit crimes like fraud, money laundering, illegal weapons dealing, and more.

Although scary, the first thing we can do to combat this criminal behavior is learn about it. So, we are excited to share the mic with Constella's experts, Jason Wagner, Vice President of Identity & Digital Intelligence, and Dan Mathews, Director of Worldwide Sales Engineering.

You do not want to miss this incredibly engaging and knowledgeable conversation with host, Alex Pillow, asking hard-hitting questions like:

What is a synthetic identity?
What threats do synthetic identities pose to the financial sector at large?
How are criminals stealing data?
What populations and kinds of businesses are most vulnerable to the risks associated with synthetic identities?
What are “ghosts” in the context of synthetic identities, and how can they attack businesses?
How is AI changing the landscape of creating synthetic identities?
How can the risks created by synthetic identity fraud be mitigated?

To learn more about topics discussed on this episode, check out the resources mentioned below:

If you want to be at the forefront of combatting financial crime in your organization, visit our website to see how we can help, and feel free to get in touch – we would love to hear from you.