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Synthetic identity fraud is the combination of real identity credentials (e.g. a person’s Social Security number) with false identity information (e.g. a fake name and address) to create a new, fabricated identity. Fraudsters can then use this synthetic identity to apply for credit, make purchases, ...
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From banking to real estate, healthcare, ride sharing, and more, it’s increasingly clear that no sector is immune to identity fraud. Indeed, the 2024 report End-user expectations of digital identity, from Onfido, an Entrust company, reveals that 12% of users (roughly 1 in 10) of digital services fel...