Pulse of Truth

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Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

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Synthetic Businesses: the New Billion-Dollar Fraud Machine (www.bankinfosecurity.com)

submitted 2 days ago by lemmydev2 to c/pulse_of_truth

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Weak State Controls and AI-Generated Documents Fuel Surge in Synthetic Entity FraudFraudsters are exploiting weak state controls to create synthetic businesses for less than $150, with potential payouts of more than $100,000 for each fake identity. Synthetic entity fraud has rapidly shifted from a niche threat to a mainstream risk, said Dun & Bradstreet's Andrew La Marca.

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