Synthetic identities leave US lenders with $2.4 billion in fraud exposure

Criminals are exploiting established customer accounts and familiar brands to steal money and personal information, according to TransUnion’s Fraud in the Age of Continuous Trust report. Eighty-one percent of suspected digital fraud in its network during the first half of 2026 occurred during account logins and financial transactions, highlighting risks that persist throughout a customer relationship. Verifying someone’s identity does not establish whether every subsequent interaction can be tru