Synthetics

via Peter Rudegeair and AnnaMaria Andriotis – writing at The Wall Street Journal – comes a good example of crime reportage, regaling us with an exposé of pernicious criminality within the Identity Theft arena: The utilization of Synthetic Identities leveraged to abscond with fungible assets… In this case, to the tune of billions of dollars. While not new – as the article erroneously claims in both it’s title and body copy – the use of synthetic identities targeting our children’s identities and unused Social Security Numbers has been an ever-increasing fraud modality for a number of years. Today’s Must Read.

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*** This is a Security Bloggers Network syndicated blog from Infosecurity.US authored by Marc Handelman. Read the original post at: https://securityintelligence.com/synthetic-identity-theft-three-ways-synthetic-identities-are-created/