ASSOCIATE DEAN DARYL LIM DISCUSSES CREDIT CARD FRAUD WITH WALLETHUB
April 2025 — Associate Dean Daryl Lim was featured in WalletHub’s recent article “Credit Card Fraud Guide.” In the article, WalletHub posed questions about credit card fraud to a panel of experts.
He warned that while banks have made strides in fraud detection through machine learning and real-time monitoring, criminals are keeping pace, exploiting everything from phishing schemes to data breaches.
“People should take credit card fraud seriously. It remains a persistent and evolving threat in our increasingly digital financial ecosystem.” said Associate Dean Lim. “The consequences of credit card fraud extend beyond unauthorized transactions. Victims may face long-term challenges related to identity theft, including damage to their credit scores, unauthorized account openings, and the emotional toll of restoring financial security.”
Associate Dean Lim also noted, “One form of credit card fraud that does not receive enough attention is synthetic identity fraud, which involves criminals combining real and fabricated personal information — such as a legitimate Social Security number with a false name — to create entirely new identities.”
Daryl Lim is the H. Laddie Montague Jr. Chair in Law at Penn State Dickinson Law. He is also the Associate Dean for Research and Innovation and Founding Director of the Intellectual Property (IP) Law and Innovation Initiative. At the university level, he is a co-hire at the Institute of Computational and Data Sciences and an affiliate at the Center for Socially Responsible Artificial Intelligence.
Professor Lim is an award-winning author, observer, and commentator on national and global trends in IP and competition policy and how they influence and are influenced by law, technology, economics, and politics. He helps policymakers, attorneys, corporate counsel, scholars, and the public understand the world around them. He is a founding member of the Global IP Alliance and its local chapters in Pennsylvania and Illinois. In addition, he serves as Co-Chair of the University Education Committee in the US IP Alliance.
In December 2022, the American Law Institute elected Professor Lim to its membership based on demonstrated excellence and outstanding professional achievement. In 2023, the US Department of Justice and Federal Trade Commission recognized him as “a leading expert in antitrust law and economics” and the IAM Strategy 300, a guide to the industry pioneers with “exceptional skill sets, as well as profound insights into the development, creation, and management of IP value,” named him to its World’s Leading IP Strategists 2023 list. In 2024, he was appointed to the consultative group advising the United Nations Secretary General’s High-Level Advisory Body on Artificial Intelligence. In 2025, he received the IP Professor of the Year Award at the Global Intellectual Property, Artificial Intelligence & Technology Conclave & Awards.