Aug 8 / Admin

New Scam Alert: Business-to-Business Synthetic ID Fraud Is on the Rise

BankInfo Security reported:   

Thomson Reuters' Dori Buckethal on How Fraudsters Have Evolved Their Modus Operandi.  

Synthetic ID fraud has moved beyond business-to-consumers to business-to-business fraud as more bad actors are opening fraudulent commercial accounts at financial institutions, said Dori Buckethal, vice president of risk and fraud solutions at Thomson Reuters.

In this video interview with Information Security Media Group, Buckethal discussed:

  • How fraudsters have evolved their techniques;
  • Measures businesses can take to spot fraudulent vendors;
  • Tools and technologies available to fight fraud.

Find the original post and watch the video here.

Enroll in Training Sessions:  Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat