The Frankenstein Identity: How Synthetic Fraud Is Costing UK Businesses £88 Billion
5 million synthetic identities lurk in UK databases costing businesses £88 billion annually. Learn how AI-powered Frankenstein fraudsters build sleeper accounts, execute bust-outs, and how UK risk managers can deploy perpetual KYC, biometric liveness, and consortium data to fight back in 2026. Compare alternatives in our Top 10 AI Financial Services Tools UK 2026 | Defence-Grade RiskOps. Read our full Featurespace ARIC Review (UK AI Fraud & FinCrime Prevention) for more detail. For more on this, see our guide on AI for Financial Services - AI Insights for UK Business.
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