(NEW YORK) -- Identity theft has been an ever-growing problem, but authorities say there is a new twist on an old problem for us to worry about: Synthetic identity fraud.
“Synthetic identity fraud is when the fraudster uses one true piece of your identity… and then combines it with fake information, so perhaps a different name, a different date of birth,” said Eva Velasquez, the CEO of Identity Theft Resource Center.
By some reports, synthetic identity fraud now accounts for 85 percent of all identity fraud in the United States, costing an estimated $2 billion a year, according to investigators.
http://www.wbal.com/article/119789/113/synthetic-identity-fraud-a-new-kind-of-costly-id-theft-youve-never-heard-of
