Synthetic ID Theft & Fraud to get WORSE
In August 2014, I wrote an article for the Arizona Republic titled Synthetic Identity Fraud Emerges As Growing Threat. In the article, I pointed to the fact that synthetic ID Theft & Fraud is getting worse. Stating that “synthetic identity theft and fraud often include a combination of fake and real credentials using names, Social Security numbers, driver’s licenses, and employee identification numbers to create new ‘synthetic’ or fake identities.” Fast forward to 2021 – nearly seven years later – and this April 26, 2021, Forbes article titled Identity Frauds That Might Pose A Threat To Your Company In 2021. This Forbes article includes a brief summary of synthetic identity theft and fraud and made me think of how both small businesses and consumers need to increase their knowledge and awareness of their digital risk. Think about it, both consumers and small businesses have entered the digital world where we are all […]
