Synthetic identity fraud is becoming one of the most popular methods to commit a host of financial crimes, including, bank account, loan, and online banking fraud. Fraudsters are combining real and fake identification information to create synthetic or false identities that are passing financial institutions' identity validation processes. Once they have infiltrated the bank as a new customer, they are successfully applying for various financial products with the synthetic identities. Join us during National Cybersecurity Awareness Month as our guest speaker Adam Wehrenberg, Director of Secure Payments and Payment Strategies at the Federal Reserve Bank of Boston, breaks down Synthetic Identity Fraud and what you MUST know to combat this threat that may already be lurking in your banking system, waiting for the opportunity to strike!
Speaker: Adam Wehrenberg - Federal Reserve Bank of Boston