This podcast explains synthetic identity theft, a rapidly growing type of fraud where criminals combine real and fake personal information to create false identities.

The podcast details how this scam works, including information gathering, credit building, and the final "bust-out" fraud. It also outlines different types of synthetic identity theft, offers protection strategies, and provides steps to take if you become a victim.

Finally, it directs listeners to resources for further information and reporting.

Intro: (0:00)

What is Synthetic Identity Theft: (0:45)

Bust-Out Explained: (2:20)

Types of Synthetic Identity Theft: (3:10)

Protecting Ourselves: (3:50)

Checking Credit Reports: (4:40)

Credit Freezing: (5:25)

Signs to look for: (5:55)

Reporting Fraud: (6:30)

Challenges Tracking Scammers: (8:10)

Technologies That Can Help: (9:05)

Biometric Scanning: (9:40)

Blockchain Security: (10:10)

Recap: (11:30)

Report Fraud and Useful Resources:

National Cybersecurity Alliance: https://www.staysafeonline.org/

Federal Trade Commission (FTC) www.IdentityTheft.gov or 877-438-4338 https://www.bbb.org/scamtrackerhttps://www.bbb.org/article/news-releases/16951-bbb-tip-identity-thefthttps://www.experian.com/fraud/center.html

FTC Free Annual Credit Report: https://www.annualcreditreport.com/gettingReports.actionThree Credit Agencies: Equifax, Experian, and TransUnion