Synthetic fraud involves creating fake identities using real and fictitious data to defraud institutions. SentiLink defines two types: First Party, where consumers manipulate their own info (e.g., SSNs), and Third Party, where fraudsters create entirely fake identities. Tactics include credit washing, piggybacking, and boosted tradelines. The paper calls for standard definitions across industry and government to improve detection, reduce false positives, and clarify distinctions from identity theft and credit risk.

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