Guest post by Tony Ademi.
Synthetic identity fraud occurs when one individual impersonates someone else online using fake ID credentials. It’s a common type of financial crime and is becoming even worse as digital transactions increase.
One of the most common methods for developing a synthetic identity scheme starts with a Social Security Number (SSN). Once an SSN is stolen and falls into the wrong hands, it’s associated with fictitious information to create a fake ID. Identity fraud activities can vary widely, from creating credit profiles to human trafficking.
If you’re a victim of synthetic identity fraud, recovering your good name can be tedious, frustrating, and time-consuming. This post outlines seven strategies you can use to avoid identity fraud.