Identity Theft Red Flags & FACT Act Compliance

Identity theft is evolving at an unprecedented pace. Criminals are leveraging artificial intelligence, synthetic identities, deepfake technology, stolen credentials, and sophisticated social engineering tactics to defeat traditional controls and exploit weaknesses in account opening, lending, and accountholder service processes. Financial institutions face increasing pressure to detect emerging fraud schemes while maintaining compliance with the Identity Theft Red Flags Rule and related requirements under the FACT Act. This session will examine how identity theft risks have changed and what financial institutions must do to strengthen their prevention programs.