Education & Events

Synthetic ID Fraud: What It Is, How It Works & Real-Life Scenarios

Mar 11, 2019
Program Overview: 

Monday, March 11, 2019, 3:00 - 4:30 pm

According to the U.S. Federal Trade Commission and Department of Justice, synthetic identity fraud is among the fastest and most difficult to detect fraud trends in financial services today.  These fraudsters create identities from the sum of related and unrelated parts.  This webinar will explain what synthetic identity fraud is, how these fictitious identities authenticate during CIP onboarding and other knowledge-based authentication protocols, and proven strategies to thwart this evolving threat.  This must-attend program will change how your financial institution onboards and authenticates consumer transaction accounts and loans.

  • Definition and examples of synthetic identity fraud
  • Why the young and elderly are rich targets
  • Hallmark red flags to detect synthetic identities within credit reports
  • Proven techniques to thwart the threat via a multi-layered risk management approach
  • Case study: lessons learned after $200,000 synthetic identity theft and the programmatic enterprise changes made afterward

    • Link to U.S. Government Accountability Office WATCHBLOG on synthetic identity fraud
    • Link to Federal Trade Commission’s consumer information on identity theft
    • Snapshot views of what a synthetic identity credit report looks like
    • Equifax, Experian, and TransUnion contact numbers and the importance of credit freezes
    • Employee training log
    • Quiz to measure staff learning and a separate answer key

ABOUT THE PRESENTER – Brian W. Vitale, NCCO, CAMS-Audit, Compliance Advisory Services

Brian Vitale earned his Political Science degree from North Central College in 1996 and an MBA from the University of Notre Dame in 2014.  Brian was recruited by the National Security Division of the FBI where he specialized in counterterrorism and foreign counterintelligence.  In addition, he is a decorated veteran who served in Guantanamo Bay, Cuba in the early 1990s. 

Subsequent to the FBI, Brian spent many years in banking and finance where his skills led him to the field of Global Operational Risk Management.  He has over 24 years of banking, finance, and investigative experience.  In July 2011, Brian joined a community financial institution and currently serves as their chief risk and compliance officer.  He speaks nationally on BSA, anti-money laundering, enterprise risk management, cybersecurity, and strategy.



This informative session is designed for risk management team members, including retail and commercial leaders and staff, lenders, loan operations personnel, underwriters, directors, audit committee members, attorneys, auditors, and staff who deal with information security, risk, and compliance.














Live Webinar
    $255.00 Single Location
    $150.00 Each Additional Location

Recorded Webinar & Free Digital Download

Premiere Package (Live & Recorded Webinar with Free Digital Download)

Association Contact: 

If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or

Cancellation Policy: 

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

Webinar Options: 

1.  Live Webinar
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at

2.  Recorded Webinar & Free Digital Download
Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

3.  Both Live Webinar & Recorded Webinar & Free Digital Download
Includes options 1 and 2 above

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