Thanks to our expert panelists for a terrific webinar yesterday. They gave tremendous insight into how they are addressing synthetic fraud. Below is a summary of just a few example questions answered during the session:What is and is NOT synthetic fraud?
What is the most important thing Navy Federal did to address synthetic fraud?
What characteristics does PenFed look for to identify synthetic identities?
What series of database checks does Austin Capital Bank go through when verifying an identity?
What is the best treatment strategy when you suspect someone is applying with a synthetic identity?
What’s a pollinator address?
What tactics are often associated with people seasoning synthetic identities?
Why does taxonomy matter as it relates to synthetic fraud?
Thanks very much to Chip Kohlweiler from Navy Federal, Matt Beardsley from PenFed, Erik Beguin from Austin Capital Bank, and Maxwell Blumenfeld from SentiLink for sharing their insights. In case you missed it, you can watch it here.