Mike Timoney, vice president, secure payments at the Federal Reserve Bank of Boston, says enterprises want to know how to deal with synthetic ID fraud. Timoney: “There are multiple enterprises who do not necessarily believe that synthetic fraud is actually happening” The bank created a toolkit in February to help fight this type of fraud. In a video interview with Information Security Media Group, Timoney also discusses the challenges of dealing with ID fraud and how the toolkit will help banks fight it.”]
Source: https://www.cuinfosecurity.com/synthetic-id-fraud-how-toolkit-will-help-banks-a-18633