Fraud Trends for the Future Series - Understanding Synthetic Identities
Lynn Fountain Overview:
Synthetic identity fraud is a type of financial crime where a fraudster creates a fake identity using a combination of real and fake personal information. The fake identity is used to apply for credit, open bank accounts, or make purchases etc. This fraud is difficult to detect because the fraudster is using a combination of real and fake information. It becomes harder for institutions to catch the fraud and it may be more difficult for law enforcement to track the fraudsters.
Why you should Attend:
Evolving fraud trends.
Areas Covered in the Session:
- Identify and review Top Fraud Trends
- Discover and define synthetic identities
- Identify how synthetic identities are created
- Explore and examine why synthetic identities is a priority and examine current statistics
- Explore and examine how synthetic identities are created
- Discover and examine a case study on synthetic identity
Who Will Benefit:
- Business owners and Operational Professionals
- Accountants and Finance Professionals and Internal Auditors
- Tax and Legal Professionals
Speaker Profile
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.