Tag: auto fraud

Fraudsters are increasingly utilizing fake employers to generate forged paystubs, falsify income and create synthetic identities to secure auto loans ...

A yearlong Illinois-based car theft ring designed to obtain financing for luxury vehicles using stolen and fake identities came to ...

The same economic stimulus that kept consumers current on their auto payments is giving rise to a new population of ...

Fraud and financial scams skyrocket during times of crisis. COVID is no different, and its unique impact has created a ...

The new face of auto finance fraud has reared its head as changes within the industry have transformed the way ...

The rise in digital lending during the COVID economic crisis has prompted an increase in synthetic fraud and credit washing, ...

More than 1 in 5, or 22%, of false identities created to carry out fraud are connected to auto loans, ...

In 2019, there was a reported $7 billion worth of fraudulent transactions in the auto finance industry. Desperation spurred by ...