Synthetic identity fraud: The scam where there’s no real victim to find
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Equifax
An Equifax expert breaks down synthetic identity fraud and how to detect it.
A: Unlike with regular identity fraud, where someone is impersonating you, a synthetic identity is fabricated from scratch. Synthetic ID fraud happens when fraudsters combine fake and real pieces of identity. One person’s address, another person’s name and Social Insurance Number (SIN), and a completely made-up date of birth get stitched together into a single “identity.”
