TransUnion’s latest study reveals 200 Canadian business leaders surveyed said their companies lost an estimated CAD$111 billion to fraud in the past year, with synthetic identity scams now accounting for over a quarter of those losses. More than a tenth of both online communities and gambling transactions coming from Canada were suspected of digital fraud in the first half (H1)1 of 2025 – with online communities experiencing a 68% year-over-year (YoY) increase in the volume of attempts. Key Study Findings: ...

New analysis shows how missing real-world attributes—like voter registration, vehicle ownership, and familial ties—can help lenders detect synthetic identities and reduce fraud exposureCHICAGO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- With synthetic identities now linked to a record number of newly opened accounts, U.S. lenders faced more than $3.3 billion in exposure for the year ending 2024. This alarming trend underscores the urgent need for financial institutions such as auto lenders, mortgage lenders and cre ...