What Is Synthetic Identity Fraud?

 Synthetic identity fraud is where criminals use real info to create a fake identity. Instead of posing as someone else, they piece together stolen credentials to pose as someone who doesn’t actually exist. 

One of the most famous synthetic identity fraud examples happened in 2018 in New York. 13 criminals managed to steal more than $1 million by taking out loans as other people. 

How to prevent synthetic identity fraud

✅ Protect your Personally Identifiable Information (PII). 

✅ Use strong, unique passwords on all your online accounts. 

✅Enable multi-Factor Authentication (MFA). It can stop 99.9 percent of automated attacks.

✅ Never give away private info to an unknown source, and carefully inspect any message that asks for it. Don’t click any links in emails that seem unusually urgent.

Keep an eye 👀 on things like your bank history, credit score, insurance, and tax info ❗️

#security