Auto lenders note uptick in fraud after record year of exposure
Auto fraud up 16.5% to $9.2B in 2024
Auto lenders are seeing a jump in fraud, with exposure across the industry hitting a record level in 2024. Whereas a bad actor might need six or seven fake profiles to secure 10 credit cards totaling $50,000, an auto fraudster can get that amount by targeting just one individual — and in some cases, […]
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