Credit Washing, Synthetic ID Fraud and Bust-Out Fraud Are Among the Usual Suspects. Auto 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.
First seen on govinfosecurity.com
Jump to article: www.govinfosecurity.com/auto-lending-fraud-climbs-165-to-92b-in-2024-a-27833
