Fraudsters mount attacks on auto loan pre-qualification technology
Dealer received 120 prequal requests for same car in 13 minutes
In a new effort to exploit auto pre-qualification web apps, scammers are testing hundreds of identities within minutes to see which could successfully be used to commit synthetic identity fraud. One larger auto dealership’s pre-qualification software was hit with at least 120 fraudulent submissions on July 28, each of which triggered a credit bureau inquiry, […]
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