Synthetic ID Fraud Accounts for 85% of All ID Theft

Check out this interesting video which features Naftali Harris, co-founder of Sentilink, detailing out the felony crime of Synthetic Identity.

One statistic here caught my eye. Did you know that synthetic identity now represents about 85% of all identity theft frauds here in the US?

Sentilink has done a good job of drawing attention to this fastest-growing financial crime here in the US. But the most confounding thing about synthetic identity is that many companies still fail to try to prevent it even though it is remarkably easy to detect.