Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Jewelers and pawnbrokers don’t often get fooled by fake Rolexes. Counterfeit currency rarely passes muster at casinos. Fake ID confiscation has ruined many underage drinking excursions.

How do fraudsters keep getting away with exploiting synthetic identities for profit? In short, it’s because these fake identities are so difficult to distinguish from the real thing, and the patterns behind them can be nearly impossible to distinguish from normal banking activity. Traditional fraud-fighting measures simply can’t account for this growing source of criminal profit, and it’s costing financial institutions billions in losses.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.