Fed raises alarm on synthetic identity fraud

Fed raises alarm on synthetic identity fraud

The use of generative AI and fraudulently obtained accounts to execute synthetic identity fraud is on the rise, a Federal Reserve official said in a podcast interview.

Identity Fraud Costs Organizations an Average of $7 Million Annually, Says New Research from DocuSign and Entrust

Entrust, a global leader in providing identity-centric security solutions, and Docusign released results of a joint global study examining the escalating costs of identity fraud and the trade-offs enterprises face between security and customer experience. The Future of Global Identity Verification research report reveals that identity fraud is a growing threat globally and

Study: Mobile purchases driving e-commerce fraud

Fraud and its costs are continuing to rise in the United States and Canada as consumers shift toward mobile payments.

Digital fraud continues to rise. In the country, there is already talk of a new type of fraud that combines real and fictitious information to create fraudulent profiles for large-scale fraud. This was the warning issued by Danilda Almánzar, Country Manager of TransUnion, who highlighted that this phenomenon is impacting key sectors such as banking, social media, gambling, and retail. According to data from the international credit data company,…

Identity Fraud Costs Organizations an Average of $7 Million Annually, Says New Research From Docusign and Entrust

Research reveals the rising costs of identity fraud and how enterprises are fighting back. Entrust, a global leader in providing identity-centric security solutions, and Docusign (Nasdaq: DOCU) released results of a joint global study examining the escalating costs of identity fraud and the trade-offs enterprises face between security and customer experience. The Future of Global Identity Verification research report reveals that identity fraud …