Identity Verification | Fraud Prevention | Account Opening Fraud | Identity Fraud Prevention | Synthetic Fraud | Checkout | Account Takeover Detection | Risk Mitigation
The Fed’s half-point interest rate cut brought a new wave of loan activity—it also brought new AI-driven fraud into the financial system. Synthetic fraud attempts rose 184% in the last five years — one of the fastest-growing financial crimes in the US. My new piece in Security Management covers: - The scale of the synthetic identity problem - How synthetic identities mimic real customers - Shortcomings of current verification methods - How we leverage AI to distinguish humans from AI Read more here: https://lnkd.in/eFURmutx
