Fake IDs aren't what they used to be:

Tackling synthetic identity fraud in today's digital economy

Recorded on February 23rd 2022

synthetic [ sin-ˈthe-tik ] adjective: devised, arranged, or fabricated for special situations to imitate or replace usual realities
fraud [ ˈfrȯd ] noun: the crime of using dishonest methods to take something valuable from another person

Synthetic fraud is one of the most challenging forms of fraud to identify and outmaneuver.

Some synthetic identities can be created instantaneously with a combination of real and fake attributes. Others are groomed over a period of months to years, building up a good credit profile before “busting out”.

Join Mike Cook, VP of Fraud Commercialization at Socure and Andrew Martin, Director of Data at Alloy, as they chat about the characteristics of synthetic identities and best practices to mitigate synthetic fraud. In this webinar, they'll uncover:

  • Key attributes of synthetic identities
  • How domestic and international fraud rings leverage synthetic identities
  • Tuning infrastructure and tooling to combat synthetic fraud

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Mike Cook
VP of Fraud Commercialization at Socure

Mike Cook, a fintech entrepreneur and advisor with more than 30 years of experience in the industry, is responsible for leading Socure’s strategic plans to eliminate financial loss from all fraud types and efficiently validate 100% of consumer identities, capture market share, and increase growth. In his career of 30+ years in the financial services industry, Cook has developed long-term, trusted relationships across customers, federal regulators, and privacy advocacy groups. Considered an industry expert in data breach, fraud patterns, and identity theft, Cook has also provided Congressional testimony on the potential impact of data breaches.

Andrew Martin
Director of Data at Alloy

Andrew Martin leads the machine learning, data engineering, analysis, and infrastructure teams at Alloy, working to identify fraud and help clients make better decisions. As an engineering director, he helps Alloy improve their products with models and data, creating a reliable and stable data infrastructure. Prior to joining Alloy, Andrew led Data and IT teams in the public sector, serving as Chief Data Officer of the Newark Public Schools.