Roquefort-Villeneuve, 2020a

Abstract

Here’s a bombshell: The Financial Crimes Enforcement Network reports that identity-related theft and crimes total $1 billion per month on average! And twenty-five percent ($250,000,000) of this exorbitant figure can be attributed to identity theft and synthetic identity fraud. At this point, you’re probably thinking… “What is synthetic identity fraud and how can I avoid it?!”   Good, I have your attention. Let’s move on and take a closer look at synthetic identity fraud and especially its level of sophistication?