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Crooks are creating synthetic shoppers

from Practical Ecommerce

The ongoing global pandemic has forced the rapid expansion of ecommerce and a general migration toward digital transactions. Unfortunately, COVID-19 also may be fueling an increase in so-called synthetic identity fraud. With synthetic identity fraud, criminals use a combination of real and made-up information — social security numbers, email addresses, physical addresses — to create a “new” identity that might be used to apply for credit cards and loans or purchase goods online. more

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