New Resources for Fighting Synthetic Identity Fraud

Frontline & New Accounts Information Technology Operations Security & Fraud

On-Demand Webinar:

StreamedFeb 1, 2022Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Synthetic Identity Fraud sounds like the title of a B-rated science fiction movie.

Unfortunately, it’s all too real and a fast-growing crime with wide ranging implications and a myriad of victims. Can you spot it – and more importantly, can you mitigate it?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Define synthetic identity fraud
Distinguish “traditional” identity theft from synthetic identity theft for policies and procedures
Understand the red flags that may indicate potential synthetic identities
Use provided tools and resources to mitigate fraud
Provide best-practice educational materials to accountholders

WEBINAR DETAILS

Synthetic identity fraud is one of the fastest-growing financial crimes in America. Synthetic identities can be used to obtain a fraudulent loan or credit card or open a deposit account with debit card and mobile access. And because the information used to create these identities doesn’t stem from just one source, they are that much more difficult to detect. This can lead to significant losses for your accountholders and financial institution.

This session will weed through the differing definitions of synthetic identity fraud and use the industry-recommended meaning that was recently released. It will review examples of this rising financial fraud and provide red flags to add to your current identity theft prevention program. Resources will be provided to assist in mitigating risk, including tools to use at account opening to enhance your due diligence and identity verification process.

WHO SHOULD ATTEND?

This informative session is designed for identity theft prevention officers, compliance officers, BSA/AML officers, and branch managers.

TAKE-AWAY TOOLKIT

New account due diligence form
Identity theft red flag alert form
Identity theft risk assessment updated for synthetic identity fraud
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.