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Even if a financial institution rejects an initial application by an individual using a synthetic identity, credit bureaus create a record from the transaction based on the fraudulent credentials. Consequently, the record can be used repeatedly by a fraudster to establish a fake identity used to commit financial and other types of fraud.
Seth Moulton
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"Even if a financial institution rejects an initial application by an individual using a synthetic identity, credit bureaus create a record from the transaction based on the fraudulent credentials. Consequently, the record can be used repeatedly by a fraudster to establish a fake identity used to commit financial and other types of fraud."
— Seth Moulton #moneywealth

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Even if a financial institution rejects an initial application by an individual using a synthe…

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Even if a financial institution rejects an initial application by an individual using a synthetic identity, credit bureaus create a record from the transaction based on the fraudulent credentials. Consequently, the record can be used repeatedly by a fraudster to establish a fake identity used to commit financial and other types of fraud. — Seth Moulton

About Seth Moulton

Seth Moulton was a Politician from United States (1978–present).

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Frequently Asked Questions

Who said "Even if a financial institution rejects an initial application by an individual…"?
This quote is attributed to Seth Moulton, a Politician from United States.
When did Seth Moulton live?
Seth Moulton lived from 1978 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.