This course explores how fraudsters create synthetic identities and use them to get credit cards and other forms of credit. Learn how synthetic identities are created, how fraudsters use them to get a positive credit score, then “bust out”, or max out the credit on cards, lines of credit etc. Learn to recognize red flags indicating that a credit applicant may be using a synthetic identity.
Recognize what synthetic identity fraud (SIF)is and how it differs from traditional identity fraud
Recall how and why fraudsters create synthetic identities
Summarize factors contributing to SIF growth
Describe credit bust-outs
Outline ways to recognize SIF
About Synthetic Identity Fraud
Identifying Synthetic Identity Fraud
Rev–Jun. 2021. Course Length ≈ 22 minutes.
This course is worth 0.5 CPE credits.