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02/09/2022

FRB Synthetic Identity Fraud Mitigation Toolkit

The Federal Reserve FedPayments Improvement

Synthetic identity fraud is a real problem facing the payments industry and other types of businesses. Furthermore, feedback from the Federal Reserve’s ongoing engagement with payments fraud experts and a June 2021 survey reinforces the need for synthetic identity fraud awareness and dialogue about detection and mitigation strategies.

The Fed supports the payments industry in combatting synthetic identity fraud by encouraging education, understanding and broad industry collaboration. This fraud mitigation toolkit offers a wide variety of informative resources for financial institutions, consumers and businesses. Through future phases of the toolkit, new resources will be added over time, including in the areas of synthetic identity fraud detection and mitigation.

Read more and the tool kit is here...

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Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

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Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

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