synthetic fraud | Auto Finance News | Auto Finance News

Synthetic Auto Fraud Balances Top $600M

Lenders are focusing their fraud departments on dealership activities lately, but lenders “discount the quantity and the scale of identity fraud and synthetic fraud that may be hitting them,” Geoff Miller, head of global fraud and identity solutions for TransUnion, told Auto Finance News. Outstanding suspected synthetic balances increased 5.2% year over year through 2Q18 […]