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 application fraud and synthetic IDs differ; how new technologies are being used to combat synthetic ID and application fraud; how synthetic IDs and applications fraud have evolved. There are technologies for bot detection.”]
Source: https://www.bankinfosecurity.com/strategies-for-fighting-synthetic-id-fraud-a-16188