Synthetic Identity Fraud: The Silent Threat to Digital Lending
- September 19, 2025
Introduction Digital lending makes borrowing fast and easy, but it also creates a new target for criminals: synthetic identity fraud (SIF). Unlike old-school fraud, which uses someone else’s name or credentials, SIF builds fake, but realistic, identities from bits and pieces of real and made-up data. These synthetic “people” can get loans, credit cards, and benefits, racking up huge losses before anyone spots the deception. What is SIF? Synthetic Identity Fraud occurs when criminals…