What is 'Sleeper Fraud,' And Why Must Banks Beware?

Published: Nov. 24, 2015, 10:40 a.m.

b'The surge in data breaches has left millions of consumer records compromised. As a result, fraudsters have all they need to open bogus accounts, which cost banks huge losses linked to what Greg Shelton of LexisNexis Risk Solutions calls "sleeper fraud."'