Which customer is real and which is synthetic? Synthetic identity fraud is a growing problem, with the industry struggling to even identify, let alone mitigate, this type of fraud. A lack of general awareness, differing definitions, and inconsistent reporting methods contribute to this challenge. Over the past two years, the Federal Reserve has focused on increasing industry awareness of this issue and leading collaborative efforts to improve detection and mitigation, including a recent effort to develop a clear and common definition for synthetic identity fraud. Join the Federal Reserve's Staci Shatsoff to learn more about this complex type of fraud and potential mitigation strategies.

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Item Number - LMSR1023