‘Synthetic fraud is rampant’: Agentic AI, social media empowers auto scams
IRVING, Texas — Synthetic identity fraud made up 12% of total auto fraud losses in the second quarter as scammers turn to agentic AI and online ...
Tag: auto fraud
The tax return looked real; that was the point
One of the most common questions lenders ask today is how to confidently evaluate self-employed income as the gig economy continues to ...
Synthetic identity: when the borrower doesn’t exist
The application looks real and that is the problem. Synthetic identity fraud is one of the most damaging schemes in auto lending ...
‘AI will embolden fraud’ in auto finance, lenders say
AI could exacerbate already record-high auto finance fraud, prompting lenders to lean on real-time prevention tools and require greater scrutiny ...
When bust-out fraud hides behind a good credit score
Score doesn't tell the whole story; that is the problem. In auto lending, bust-out fraud is one of the most expensive schemes lenders encounter ...
Auto lending first-party fraud losses hit $7.2B in 2025
Auto lenders reported a surge in fraud in 2025 as scammers used their real identities and fake documentation generated with ...
When fraud, credit risk and internal audit disagree, loss follows
Fraud is not always obvious, but losses are. That is the problem. In auto lending, internal audit, credit risk and fraud teams ...
AI ‘cloning’ scam impersonates dealerships with fake websites
Fraudsters are creating fake auto and equipment dealership websites with AI to trick consumers into sending them money. More than ...
