Protecting financial institutions from criminals that combine valid and fake personally identifiable information (PII) to create a synthetic identity is the goal of Verify Identity from Early Warning Services. Criminals use synthetic identities to open deposit, credit card and personal loan accounts. A growing number of files at US credit bureaus are synthetic identity-based accounts. While firm figures are not available, it is believed that $15,000 in credit losses occur per account with synthetic PII. Synthetic identity files can also include manipulated accounts where consumers with p...