Synthetic Identity Fraud Powered by AI: The Next Invisible Threat
In the shadowy corners of the digital frugality, a new strain of miscreant is arising — one that does not steal individualities but manufactures them from scrape. Drink to the period of synthetic identity fraud, where artificial intelligence has converted what was formerly a meticulous felonious enterprise into an robotic operation going billions annually. The unnoticeable Crime Hiding in Plain Sight Unlike traditional identity theft, synthetic identity fraud creates entirely new personas that live only on paper and in databases. These fabricated individualities are sutured together from fractions of real and fake information a licit Social Security number , a fictitious name, an AI- generated face image , and fabricated employment history . Losses from synthetic identity fraud exceeded$ 35 billion in 2023 , and the problem is accelerating. What makes this trouble particularly insidious is that it frequently has no immediate victim — no real person reporting suspic...