Karen Boyer, vice president, financial crimes and fraud intelligence, at Peoples United Bank, says banks should use consumers’ devices to help with authentication. Boyer: “The device of a consumer can give out information beyond just geolocation” Boyer also discusses: How synthetic ID fraud has evolved; how new technologies to tackle synthetic IDs; how application fraud and synthetic IDs differ; how synthetic IDs and application fraud have evolved; new technologies are needed to tackle these types of fraud.”]
Source: https://www.cuinfosecurity.com/strategies-for-fighting-synthetic-id-fraud-a-16188