Tag: Synthetic identity fraud

Synthetic identity fraud is one of the most dangerous weaknesses in modern financial crime controls – not because verification tools fail, but because they...

Remote onboarding has become one of the biggest friction points in financial services, even as regulators continue to tighten expectations around AML compliance. Many...

KYC failure is becoming a persistent problem for financial services firms as fraud techniques grow more advanced and regulatory expectations tighten. In 2024 alone,...

For compliance and risk officers, finding the balance between rigorous fraud prevention and a smooth onboarding experience can often feel like walking a tightrope. A...

The rapid development of artificial intelligence has propelled deepfakes from online novelty to a major threat for regulated sectors. What began as light-hearted face-swap...

Fraud is not just a threat—it’s a business model. From crypto scams to deepfake identity theft, bad actors are leveraging increasingly sophisticated technology to...

Traditional authentication methods such as passwords and one-time codes are no longer strong enough to protect financial institutions against sophisticated fraud. Deloitte estimates synthetic...

As financial institutions (FIs) see an influx of new customers, they are confronted with the dual challenge of growing their operations while maintaining strict...

In the dynamic landscape of cybercrime, 2025 has seen a surge in job scams—a fraud typology that, until recently, was not receiving the attention...

Payment fraud remains one of the most persistent threats to financial institutions and payment platforms in 2025. According to Resistant AI, earlier this year, Cash...