Sure! Here’s the translated text in American English:
—
Scammers have innovated their methods, creating fake identities with an astonishing level of realism, posing a growing and silent threat to the financial sector. This new approach allows criminals to carry out transactions undetected, causing serious issues for both financial institutions and their customers. In this context, synthetic identity fraud has established itself as the fastest-growing type of financial crime.
Currently, it is no longer necessary to resort to document theft, such as IDs or credit cards, to commit fraud. Scammers are manufacturing fictitious identities using a combination of real and fraudulent data, allowing them to operate for months without raising suspicion. This phenomenon directly affects consumers, who are often shocked to discover that their information has been used to apply for loans they never authorized, negatively impacting their credit history.
The difficulty in detecting this type of fraud lies in its stealthy nature, as it often leaves no traces for extended periods. According to the Institute for Development and Research in Banking Technology, the prevalence of identity fraud is alarming; over 80% of incidents related to this type of crime are of a synthetic nature. The losses for financial entities amount to millions, and the impact on consumer reputation and trust is significant.
To combat this phenomenon, implementing advanced technologies and automated processes becomes crucial. Financial institutions must develop systems capable of real-time analysis and continuous monitoring to identify suspicious behaviors and respond quickly to any signs of fraud.
From an individual perspective, customers also have tools to protect their digital identity. It is vital to avoid sharing personal information on unsecured platforms, regularly review bank transactions, and stay alert to unusual communications. Acting proactively upon any anomalies can make a difference in preventing fraud.
In summary, synthetic identity fraud is not a problem that only affects financial institutions, but a risk that can harm any individual. The line between what is real and what is fake is increasingly blurred, making it essential to invest in prevention technologies and adopt practices that safeguard the integrity of digital identity today.
via: MiMub in Spanish
