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Home » Fraud Alert: Auto finance fraud exposure tops $8B in 2022

Fraud Alert: Auto finance fraud exposure tops $8B in 2022

ID theft rising as income, employment fraud slows

Amanda HarrisbyAmanda Harris
May 24, 2023
in Risk Management
Reading Time: 4 mins read
0
A digital identity disintegrating into pieces. digital illustration.

© Can Stock Photo / Andreus

A rise in traditional identity theft schemes contributed to $8 billion of auto fraud exposure in 2022, driven also by an uptick in synthetic identity fraud and additional pressures on consumers amid rising interest rates and high car prices.  Total fraud exposure facing auto lenders rose to $8.1 billion in 2022 compared with $7.7 billion […]

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Tags: auto fraudincome and employment fraudPoint PredictivePremiumsynthetic identity fraud
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