“Synthetic identity fraud schemes have taken the United States by storm over the past 20 years, and are expected to generate nearly $5 billion in financial losses by 2024. Synthetic fraud is no longer a surprise attack on America’s financial and commerce systems — while the earliest fraudulent identities were completely fake, and many of the patterns used to establish synthetic identities early on are still being used today. Fortunately, the patterns of synthetic fraud are well understood and the profiles of manipulated and fabricated subtypes have been teased out, which will aid in stopping synthetic fraud in its tracks. Socure’s recent report examined years of tagged fabricated synthetic fraud data to identify patterns by name, demographics, habits, location and other behaviors to help guide organizations’ approaches to identifying and combating synthetic fraud.”