Bank Info Security
1 year, 3 months ago
Auto Lending Fraud Climbs 16.5% to $9.2B in 2024
Credit Washing, Synthetic ID Fraud and Bust-Out Fraud Are Among the Usual SuspectsAuto lenders are grappling with a surge in complex fraud schemes that are not only increasing in volume but also exploiting systemic blind spots. From coordinated bust-out rings to fake dealership websites, fraudsters are expanding their playbooks with bold new tactics.