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Description:
Synthetic identity fraud is one of the fastest-growing financial crimes, costing institutions billions each year. This session provides a practical introduction to identifying, preventing, and responding to synthetic identities. Participants will learn how these identities are created, spot suspicious patterns in onboarding and transactions, and apply layered verification strategies to reduce risk.
Through real-world examples and step-by-step guidance, you’ll discover how to integrate monitoring, fraud detection tools, and human review to strengthen prevention. The training also covers how to respond when fraud is detected and how to continuously improve your program using staff training, technology updates, and ongoing monitoring.
Who This Is Designed For: Fraud, compliance, and operations professionals at banks, fintechs, or MSBs who want practical tools to detect and prevent synthetic identity fraud. No advanced technical background is required.
Agenda:
How Synthetic Identities Are Built: Learn the components, sources, and methods fraudsters use.
Spotting the Signs: Identify red flags and suspicious patterns in onboarding and transactions.
Strengthening Verification: Apply multi-factor authentication, behavioral biometrics, and layered data checks.
Responding Effectively: Investigate, escalate, and document suspected synthetic identities.
Continuous Improvement: Enhance fraud programs through ongoing monitoring, staff training, and technology updates.
By the end of this webinar, you will know how to:
Recognize common methods and components of synthetic identity fraud.
Detect red flags and suspicious patterns in customer onboarding and transactions.
Implement multi-layered verification strategies to prevent fraud.
Respond effectively to suspected synthetic identities, including escalation and documentation.
Continuously improve fraud prevention programs through monitoring, training, and technology updates.
Note: This program meets the eligibility criteria for continuing education under ACFCS and is eligible for 1 credit.
Description:
Synthetic identity fraud is one of the fastest-growing financial crimes, costing institutions billions each year. This session provides a practical introduction to identifying, preventing, and responding to synthetic identities. Participants will learn how these identities are created, spot suspicious patterns in onboarding and transactions, and apply layered verification strategies to reduce risk.
Through real-world examples and step-by-step guidance, you’ll discover how to integrate monitoring, fraud detection tools, and human review to strengthen prevention. The training also covers how to respond when fraud is detected and how to continuously improve your program using staff training, technology updates, and ongoing monitoring.
Who This Is Designed For: Fraud, compliance, and operations professionals at banks, fintechs, or MSBs who want practical tools to detect and prevent synthetic identity fraud. No advanced technical background is required.
Agenda:
How Synthetic Identities Are Built: Learn the components, sources, and methods fraudsters use.
Spotting the Signs: Identify red flags and suspicious patterns in onboarding and transactions.
Strengthening Verification: Apply multi-factor authentication, behavioral biometrics, and layered data checks.
Responding Effectively: Investigate, escalate, and document suspected synthetic identities.
Continuous Improvement: Enhance fraud programs through ongoing monitoring, staff training, and technology updates.
By the end of this webinar, you will know how to:
Recognize common methods and components of synthetic identity fraud.
Detect red flags and suspicious patterns in customer onboarding and transactions.
Implement multi-layered verification strategies to prevent fraud.
Respond effectively to suspected synthetic identities, including escalation and documentation.
Continuously improve fraud prevention programs through monitoring, training, and technology updates.
Note: This program meets the eligibility criteria for continuing education under ACFCS and is eligible for 1 credit.