So much fraud activity today -- especially with our comfy, convenient mobile apps that allow us to manage just about anything from anywhere any time. That said, we invited Aite Group's Research Director Julie Conroy to talk about another kind of fraud that should capture your attention: Synthetic Identity Fraud.
Synthetic Identity Fraud has been around for a while, but it's still new to most. So Julie give us the inside scoop on it from her recent report and, more importantly, why it's the proverbial elephant in the room for today's financial institutions. She adds that this type of fraud is rising at epic proportions but many have yet to acknowledge it.
Julie also gives a few takeaways folks can gain from the report, as well as possible solutions -- besides giving up on it all and living under a rock to avoid the fraudsters. But that's not reality. So check out our compelling conversation on this rising trend and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.