What is Synthetic Identity Fraud?

In this video, we dive into what Synthetic Identity Fraud is, how to spot it, and how it affects banks & consumers.

I cover first party fraud and third party fraud in depth to give you a complete overview on fictitious identities and suspicious identifiers.

I also discuss methods scammers and fraudulent individuals can use to create or steal identities including piggybacking, frankenstein identities, and fraudulent connections.

Austin Lee has been a AML and cyber fraud prevention expert for over +8 years and has worked at multiple top banks including Bank of America and Citibank.

His mission is to provide cutting edge solutions and simple strategies to prevent fraud.

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[AustinLeeChannel]

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[cherisedumas]

How do you report synthetic fraud when you’re not personally involved. With the complexity of this type of fraud, it is not that I can just call and report please help.

[Ice_Queen_Empress]

I need help. I got info on all these ppl doing it, and I don't have anywhere to report it. It other ppl not myself.

[stevenap]

Remember when someone got a home loan with their dogs name during 2008 😂

[IhorBolokh]

What to do if I'm a nonimmigrant alien who came to work, I was issued social security card, finished to work and go back outside US to the country I was born and lived entire life. Came back to US second time to work, while opening bank account I was told that it was shown credit cards opened using my social security number and my name. It was really frustrating to hear that I had a problem out of nowhere.
So after some period of time I obtain a credit report that indicated adverse accounts with a lot of potentially negative months. Accounts was charged off, balance was written off and past due.
The other side of the coin, I play a green card to go to USA. My social security number stays with me with bad credit life meaning I gonna pay high interest rates in case I want to open a credit card being in USA with a green card, am i correct?
What your sugesstion would be and could you please advice me what I have to do in order to fix this situation?