LexisNexis ( November 5, 2021, 8:29 AM EDT) -- To help combat a particularly pernicious and sophisticated type of cyber payments fraud, the Federal Reserve recently adopted a definition of “Synthetic Identity Fraud” (SIF). SIF is used by fraudsters to purchase a house or use credit cards over long periods of time. SIF also is known to finance money laundering operations, drug cartels, human trafficking, and illegal arms sales....