Synthetic Identity Fraud Update: Effects of COVID-19 and a Potential Cure from Experian

Synthetic Identity Fraud Update: Effects of COVID-19 and a Potential Cure from Experian

This IDC Perspective updates a June 2019 document on managing synthetic identity fraud. Two key market events drove the need to issue this update — the effects of COVID-19 will likely result in a large-scale increase of synthetic identities and a new product offering from Experian that will disrupt the market for antisynthetic identity solutions."Synthetic identity fraud is a massive problem for banks, and I believe that the effects of COVID-19 will exacerbate the problem. However, at the same time, Experian launched a new offering that I believe will be a game changer for how banks attack the synthetic identity problem." — Steven D'Alfonso, research director, IDC Financial Insights

Please Note: Extended description available upon request.


Executive Snapshot
Situation Overview
What Is a Synthetic Identity?
Identifying Synthetic Identities
The Synthetic Identity Data Amalgam
2020 Market Events
COVID-19 Impacts
Experian Sure Profile
How It Works
Key Benefits
Challenges
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook