Toronto, Oct. 25, 2016 – Securefact today announced it is launching its SIDni™ (Secure Identification Network for Individuals) solution, which helps financial institutions meet Know-Your-Customer (KYC) requirements. This announcement was made at the ACAMs 4th Annual AML & Financial Crime Conference Canada in Toronto. SIDni™ provides instant verification of individual names, addresses, date of birth...
Month: <span>October 2016</span>
Synthetic ID fraud – Probably the fastest growing and most dangerous ID fraud today
Introduction Fraudsters are always a step ahead, regardless of advances in digital technology. They leverage on financial innovation and the anonymity it creates to design sophisticated scams to defraud. The manufacturing of fictitious or synthetic identities (IDs) is a fraud that is a growing nuisance. A more pressing concern, however, is when we see a...