Romance scams, romance fraud
Description: How perpetrators combine real and fictitious identifying information, to create new identities
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What is Synthetic Identity Fraud (SIF)?
Identity fraud is a crime in which perpetrators obtain personally identifiable information belonging to an individual, and assume that individual’s identity to commit fraud. In identity fraud, criminals may use a person’s credit card information to make unauthorized charges, or apply for credit or government benefits. Identity related crime is growing in sophistication, intensity, and frequency.
Synthetic identity fraud (SIF) is different. SIF is a crime in which perpetrators combine real and fictitious identifying information, to create new identities with which they defraud financial institutions, government agencies, or individuals. It is important to understand that in synthetic identity fraud, the resulting identity and profile is not associated with a real person, it is a new identity.
Romance scams, romance fraud