2024 CLFP Recertification

Quiz #3: Synthetic Identity Theft

CLFP Recertification: Quiz #3: Synthetic Identity Theft
1. Fraudsters use which type of information to create synthetic identities (select all that apply):
2. Fraudsters use the synthetic personal identities to do which of the following (select all that apply):
3. In 2020, the Federal Reserve reported that synthetic identity theft accounted for an estimated _______ in losses for U.S. financial institutions.
4. To protect your institution from potential losses resulting from synthetically created identities, it is crucial that you do all of the following, except for _______.
5. To safeguard your institution from synthetic entities, key data points to collect on all entities/individuals might include the following (select all that apply):