#30 Synthetic Fraud

Synthetic Fraud: 80% of all new account fraud. The fastest growing form of identity theft on the planet. 20% of all credit card chargebacks. 5% of all overall credit card debt.

$20 Billion dollar a year--for the bad guys.

Former US Most Wanted Cybercriminal and Original Internet Godfather Brett Johnson discusses what Synthetic Fraud is, how it works, if it can be stopped, how it will be committed in the future and how systemic racism played a part in its success.