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Synthetic identity fraud: What is it, and why is it harmful?
Online consumers can do everything right and still become cyber victims. Learn about synthetic identity fraud and why “buyer beware” is not enough. Image: Shutterstock/PabloLagart Digital criminals are creating new and effective ways to con businesses and financial institutions by using synthetic identity fraud. They are having enough success that those in the know at McKinsey and Company are more than a little concerned: “By our estimates, synthetic identity fraud is the fastest-growing type of…
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