Overview

• Synthetic identity fraud is surging globally, with criminals blending real and fabricated data to evade detection.
• Artificial intelligence enables automated phishing, malware creation, and large-scale fraud operations, heightening the threat.
• E-commerce and banking sectors face significant financial losses, with 92% of German online retailers reporting fraudulent customer activity.
• Data breaches and dark web marketplaces supply the real information used to construct synthetic identities, complicating prevention efforts.
• The lack of standardized international identity verification protocols hampers cross-border fraud prevention and law enforcement coordination.