People may assume synthetic identity fraud has no victims. They believe fake identities don’t belong to real people, so no one gets hurt. But this assumption is wrong. What is synthetic identity fraud? Criminals create fake identities by combining stolen pieces of personal information such as Social Security numbers, names, and birthdates. This type of fraud is often called Frankenstein fraud because it stitches together real and fake components to form a new, convincing identity. … More
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