Most fraud runs through a Fake ID
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Synthetic Identity fraud is one of the fastest-growing types of ID fraud in the world. According to the FTC, synthetic fraud represents at least 80% of all current identity fraud. Fraudsters use a combination of real and fake personal consumer data to create a new identity. These identities are forged using information such as Social Security numbers, addresses, birthdays, and names which can be easily acquired on the dark web.
The good news? No matter how sophisticated the scheme or whether the fraudster is using synthetic ID, a Fake ID is needed to finalize the transaction. This is where Patronscan fits, we catch fake IDs.