Consent-Based Social Security Number Verification Helps to Reduce Synthetic IDs
Synthetic ID fraud is on the rise. Paramita Bhattacharjee, VP, product line leader for risk insights at Early Warning, tells PYMNTS that one of the most basic building blocks of identity \u2013 the Social Security number \u2013 can be used as part of a successful defense against fraudsters, helping FIs make sure they are doing business with legitimate customers.