Synthetic ID fraud - a growing threat to the insurance industry
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Synthetic ID fraud is a growing threat, with fraudsters using fake identities to commit crimes, and it is becoming increasingly difficult to detect. Izabela Chmielewska outlines how this impacts the insurance industry, and what insurers can do to protect themselves.
Synthetic identity refers to an intricate web of fictional credentials, where the implied identity is not associated with any real individual.
Synthetic identitiesFraudsters employ two distinct
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