Fraud Management & Cybercrime , Fraud Risk Management , Ransomware

ISMG Editors: Why Synthetic ID Fraud Is on the Rise

Also: More Support for Ransomware Victims; Key Takeaways From RSA 2024
Clockwise, from top left: Anna Delaney, Mathew Schwartz, Suparna Goswami and Tom Field

In the latest weekly update, Information Security Media Group editors discussed key takeaways from RSA Conference, the surge in synthetic ID fraud in the auto lending industry, and a new initiative by the U.K.'s National Cyber Security Center and major insurance associations to combat ransomware threats.

See Also: The Future of Financial Crime Compliance: What's Next?

The panelists - Anna Delaney, director, productions; Mathew Schwartz, executive editor, DataBreachToday and Europe; Tom Field, senior vice president, editorial; and Suparna Goswami, associate editor, ISMG Asia - discussed:

  • Highlights from ISMG’s coverage of RSA Conference 2024;
  • The reason behind a 98% surge in synthetic ID fraud in the auto lending industry, which led to $7.9 billion in losses last year;
  • How the U.K. government's cybersecurity agency and three major insurance associations have pledged to offer better support and guidance to ransomware victims.

The ISMG Editors' Panel runs weekly. Don't miss our previous installments, including the May 3 edition previewing RSA Conference 2024 and the May 10 edition from the ISMG studio at RSA Conference 2024.


About the Author

Anna Delaney

Anna Delaney

Director, ISMG Productions

An experienced broadcast journalist, Delaney conducts interviews with senior cybersecurity leaders around the world. Previously, she was editor-in-chief of the website for The European Information Security Summit, or TEISS. Earlier, she worked at Levant TV and Resonance FM and served as a researcher at the BBC and ITV in their documentary and factual TV departments.




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