• Mitek published research with Datos Insights warning synthetic identity fraud is emerging as a defining fraud threat for financial institutions in 2026.
• 84% of fraud executives rated synthetic identity fraud a high or moderate risk to application processes.
• U.S. unsecured credit losses tied to synthetic identities reached about USD 2.94 billion in 2025, up from USD 1.8 billion in 2020.
• The report estimated baseline synthetic identity fraud growth of about 16% a year, citing low-cost data access and higher fraudster efficiency.
• 40% of institutions observed higher attack rates linked to generative AI, signaling rising scale and sophistication of identity-driven fraud.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mitek Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260610637404) on June 10, 2026, and is solely responsible for the information contained therein.