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Auto industry fraud exposure stands at $1.8B

85% of synthetic identity fraud attempts are prevented industrywide

Riley Wolfbauer

Synthetic identity fraud exposure in the auto finance industry reached an all-time high in the first half of the year, even as lenders prevented 85% of fraudulent transaction attempts.  U.S. auto lender exposure to synthetic identity fraud increased 38% year over year to $1.8 billion in the first six months of 2023, marking the second […]

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