The growing threat of Synthetic ID fraud and how behavioral biometrics enables organizations to stop it before the damage is done

Prior to the COVID-19 pandemic, the financial services industry was experiencing a significant increase in synthetic ID fraud.  Per a report published by Aite-Novarica Group, US credit card synthetic identity losses were expected to increase by over 55% from $580M in 2015 to a projected $1.3B in 2020.  However, due to the COVID-19 pandemic, many …

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