Have You Heard of “Synthetic Identity Fraud”?


Bankrate.com has an excellent article about this little-known type of fraud called synthetic identity fraud. This is really interesting. In true identity fraud, an individual’s personal information is used without her or his knowledge or consent to open new credit account. In synthetic identity fraud, the credit lines opened are not necessarily tied to one person, as the thief uses a smattering of information from different people to commit the fraud. Continue reading