Intelligence behind the fraud patterns that matter

Synectics Solutions’ new Signals report uncovers the critical fraud patterns impacting insurers.

Based on insights from National SIRA and the counter-fraud community, this report reveals where hidden exposure is building, how fraud moves across the ecosystem and where focus should turn next.   

Key insights: 
• The number of synthetic IDs used repeatedly has surged by 40%. 
• 22% of fraud encountered has appeared elsewhere, often in another sector. 
• Up to 66% of victims have their stolen IDs used across the financial ecosystem. 
• 93% more victims of ghost broking were reported last year.