Security fatigue is a real and growing problem. The new Identity Theft Resource Center (ITRC) survey provides some insights into the reasons why too many people have become complacent about cyber security.
Businessdictionary.com define the term “synthetic” as “Fabricated by synthesis and not produced naturally or organically.” What does this have to do with identity theft? A lot, actually.
The Problem of Synthetic Identity Theft
Traditionally, identity theft involves a fraudster assuming the identity of another person. The thief pretends to be someone else and can be exposed in several ways, including if the victims find out about unauthorized credit applications in their name or if they notice unauthorized credit purchases on their credit cards.
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