Synthetic Identity
Synthetic identity fraud (SIF) is the use of a combination of personally identifiable information (PII) to fabricate a person or entity in order to commit a dishonest act for personal or financial gain; i. e. a combination of fabricated credentials where the implied identity is not associated with a real person.
![synthetic identity 1](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/synthetic-identity1.png?width=15.3pc)
![synthetic identity 2](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/synthetic-identity2.png?width=15pc)
![synthetic identity 3](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/synthetic-identity3.png?width=15pc)
Result
Fraud, synthetic identity.
Example
A new user registers using a device already registered by another user.
Requeriments
- User-1 is required to be registered and it has made transfers
- User-2 is required to register with User-1’s device
Procedure
- User-1 makes a login and a transfer with Device-1
- User-2 register with Device-1
- User-2 makes a login and a transfer with Device-1.
Updated: November 25, 2022