The Reality of Synthetic Identity Fraud

When Your Customers Don't Exist: The Reality of Synthetic Identity Fraud
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Join the Federal Reserve's Staci Shatsoff to learn more about this complex type of fraud and potential mitigation strategies. 
 

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About the Webinar

Which customer is real and which is synthetic? Synthetic identity fraud is a growing problem, with the industry struggling to even identify, let alone mitigate, this type of fraud. A lack of general awareness, differing definitions and inconsistent reporting methods contribute to this challenge. 

Over the past two years, the Federal Reserve has focused on increasing industry awareness of this issue and leading collaborative efforts to improve detection and mitigation, including a recent effort to develop a clear and common definition for synthetic identity fraud. Join the Federal Reserve's Staci Shatsoff to learn more about this complex type of fraud and potential mitigation strategies. 

About the Speakers

Staci Shatsoff headshot
Staci Shatsoff
Assistant Vice President
Federal Reserve Bank of Boston

Staci is responsible for leading the execution of programs and strategies that advance payment security and fraud mitigation across the industry through research, outreach, and collaboration efforts.

Staci has 10+ years’ experience in fraud prevention at large FI’s, as well as fraud consulting experience, all within the financial sector. Most recently, Staci worked at a large financial institution where she served as vice president and senior fraud strategy manager. In that role, she led the U.S. fraud strategies team, which focused on emerging fraud and cross-product fraud patterns, including digital payments, account openings, and login activity. She also developed and implemented digital fraud prevention and detection strategies.