Synthetic Identity Fraud - Theft Detection

$1.3 Billion

in synthetic identity fraud losses estimated by credit card companies for 2020


rate of synthetic identity growth per year expected for the next several years


the year during which Social Security Numbers were randomized in the US, making it easier for synthetic identity fraudsters to operate.

New risk for banks and merchants

Not a 'victimless crime'

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Synthetic identity fraud – a type of fraud scheme that uses fabricated identities – is growing fast with banks and digital merchants most vulnerable. If you don’t catch synthetic identity accounts early, they can be very difficult to catch because they exhibit all the behaviors of an ideal customer.  Detect synthetic IDs before they cause significant and unexpected losses by scrutinizing identity factors at account creation.’s global transaction network can sort out the highest risk synthetic identity thieves. Read our deep dive into synthetic identity theft.

Products to Ensure Trust and Beat Fraud
at Every Step of the Customer Lifecycle

Choose one or combine them for even stronger protection.

Application AI™

Authenticate all types of applications

Transaction AI™

Stay ahead of fraudsters with real-time fraud and AML monitoring

Login AI™

Guard against account takeovers

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Account AI™

Take a comprehensive approach to fraud and risk management

Device AI™

Keep close tabs on your website traffic

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Email AI™

Gain control of your inbox

How do you steal using an identity that doesn't exist?

‘Synthetic Identity’ fraud — a group scheme that uses a completely or partly fake identity — is on the rise and hitting financial institutions especially hard. Specifically, fraudsters manufacture IDs to obtain credit cards and other lines of credit, then diligently pay their bills for long periods of time, sometimes many years.  Once their credit limits have been raised to a certain threshold, they “bust out”, spending all the available credit, then disappear.

Group of people working together

The Power of Getting Identity Right

Organizations are challenged on many fronts in their efforts to protect their customers and their businesses against fraud. The increasing growth and complexity of digital commerce leaves merchants and financial services firms vulnerable to cybercriminals and requires that organizations continue to innovate their security and fraud prevention policies across all digital channels.

But once your organization can accurately confirm the identity of your new website visitor, applicant or customer, the virtuous cycle begins. Use’s Identity Services to identify and remove the <1% of fraudulent and high-risk users so that you can focus on thrilling the >99% of high-trust customers.