1938 – The birth of synthetic ID fraud

Synthetic Identity has been called the fastest-growing financial crime in America. It’s often considered a new and emerging fraud. But would it surprise you to find out that it has been around since 1938? Is America’s fastest-growing financial crime really over 80 years old?

The answer is yes. But it wasn’t always called synthetic identity. It has gone by different names over the years but it has always been there in some way, shape, or form since those long-ago times.

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1938 – The birth of synthetic ID fraud – Fraud    Frank on Fraud