PR Newswire
LONDON, June 12, 2024 /PRNewswire/ -- The latest fraud threatening the UK could cost businesses at least £4.2billion if appropriate steps are not taken, new research from LexisNexis Risk Solutions shows.
A new study looked at over 72million consumer profiles and found 2.8million showing several signs of 'Frankenstein cloning', where fraudsters stitch real and made-up personal details together to create a 'new' synthetic identity to spoof credit checks and commit high-value fraud against banks and credit providers.
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