Fraudsters are using AI to fabricate income statements and proof of residence, exacerbating fraud risk as dealerships adopt online channels, Gaurav Goyal, head of auto originations strategy and analytics at Wells Fargo, said during an Aug. 4 Auto Finance News webinar. “The ease of fabricating information identity online [and] the whole control around a person sitting in front of you is gone,” he said. Watch the full […]
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