NAA - Synthetic Fraud: How to Identify, Respond To & Prevent It

Posted By: Crystal Verastegui Industry News ,

 NAA 80 years

 

The National Apartment Association (NAA) has released its newest white paper, “Synthetic Fraud: How to Identify, Respond To & Prevent It,” which outlines the issue of synthetic fraud within the rental housing industry including prevention methods, the financial impact it has on owners and operators and additional resources to reduce victimization, eviction costs and community liability.
 
Synthetic fraud – in which all information about the applicant is fabricated – is the fastest-growing fraud, accounting for an estimated 85 percent of all identity fraud in the country. Apartment owners and operators are all too familiar with the effects that identity fraud can have on their business, but not all instances of the problem are the same.
 
Free to members of NAA, the white paper takes the guesswork out of how synthetic fraud is defined, best practices to respond and prevent fraudulent activity and resources to protect your business.


 

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