Synthetic identity fraud (SIF) involving vendors and suppliers is a rapidly growing problem for businesses of all kinds. In a recent study, vendor fraud caused a 112% increase in payment and invoice fraud, with SIF affecting businesses by an average of $81,000-$97,000 per fraudster. And every company is a potential target, with everyone from a Kansas State Bank to Shark Tank’s Barbara Corcoran targeted by these schemes.

With synthetic identity fraud involving vendors constantly rising and increasing in sophistication, how can you protect your business? The solution is proactive planning, with the latest AI and machine learning technologies to steer clear of bad actors and modern vendor verification practices to secure your operations.

In this free eBook, learn:

  • What is driving the growth of synthetic identity fraud (SIF)
  • How SIF contributes to vendor fraud
  • Real-world victims of these schemes
  • How to detect SIF using modern tools
  • How to prevent SIF using Fraud.net’s Know-Your-Vendor
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