bonus: 5 steps for prevention.
by barry j. friedman, cpa
industrynewsletters
by combining some factual stolen information with completely fake information, thieves convince banks and credit monitoring companies that a fake identity is real. the “bad guy” is not pretending to be the person whose information was stolen or acquired; rather, the data is being used to create a brand-new identity. thus, the phrase “synthetic identity theft” is born.
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but how do these scams work?
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