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From:
The Payments Association
(Uncensored)
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Synthetic ID fraud: Payments’ growing invisible enemy
https://thepaymentsassociation.org/article/synthetic-id-fraud-payments-invisible-enemy/
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financial crime
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Synthetic identity fraud surged 60% in 2024, fuelled by AI deepfakes and regulatory gaps. UK firms must adopt real-time, risk-based defences.
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