The Evolution of Synthetic Identities & Fraud
What we are seeing is the use of synthetic identities far beyond what we have seen in the past. The speed of money movement and technology have only exacerbated the damage caused by synthetic identities. This damage has spilled out of traditional financial sector into the FinTech space specially because they are quite honestly exposed on their belief of data integrity. it is this blind trust in data that allows synthetics to take advantage of fintech and other sector such as healthcare, BNPL and neo or challenger banks. The very technology used to make things easier for consumers is the same that is being manipulated to commit massive amounts of fraud. In this session attendees will learn how credit is manipulated and the next phase of synthetics using deep fake technology.