Find Biometrics: Federal Reserve Sounds Alarm About Synthetic Identity Fraud

The US Federal Reserve System has released a new White Paper that calls attention to the growing threat of synthetic identity fraud. The Federal Reserve is not the only organization raising concerns about identity theft. Earlier this year, HSB released a report suggesting that identity theft is on the rise, while companies like BioCatch and IDEX Biometrics have repeatedly pitched biometric technology as a potential solution to the problem.

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