Synthetic identity theft - a crime perpetrated by bad actors who use real and fake personal information to craft an authentic-looking digital identity - is a fast-growing crime and continues to increase. In fact, according to Aite Group, Synthetic Identity fraud cost U.S. banks $1.8 billion in 2020 and is projected to increase to $2.4 billion in 2023.

During this time of economic uncertainty, how can financial institutions be certain that the customer signing up for a new account or service really is who they claim to be? And at a time when budgets are tight and staffs are thin, how can one secure the resources one needs to fight synthetic identity theft and other rising fraud trends? Join this session to gain new insights from event thought leaders.

Discussion topics will include:

• How is synthetic identity theft impacting your institution - and your fraud-fighting priorities?
• How can you mitigate fraud without hindering new customer acquisition?
• How, under resource restraints, are institutions getting the anti-fraud resources they need?
• What strategies are you planning to adopt in the next 12 months to help combat fraud?

Join Ian Li, Director of Enterprise Sales - Financial Services & Payments at event sponsor Ekata, a Mastercard company to gain his unique insight into synthetic identity theft and other common fraud types, as well as how leading institutions are improving detection and defenses - even in economically challenging times.