Frankenstein Scam: Here’s How to Safeguard Yourself Against Synthetic Identity Fraud

 

Identity theft is not always as straightforward as acquiring one person’s information; stolen identities can be put together from several sources. This rising crime, known as synthetic identity fraud or “Frankenstein fraud,” involves combining someone’s Social Security number with information from other people to establish a new, fake identity.

To safeguard yourself from this and other types of identity theft, look into the finest identity theft protection services. Criminals frequently target the most vulnerable people, including children, the homeless, and the elderly. The offender can then use his new name to borrow money. If a fraudster succeeds, the real owner of the SSN may be held liable.

Modus operandi

Synthetic identity fraud requires patience on the part of the criminal, especially if they use a child’s Social Security number. The identity is created by combining a valid Social Security number with an unrelated name, address, date of birth, phone number, or other piece of identifying information to make a new “whole” identity. Criminals can buy Social Security numbers on the da

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents

Read the original article: