Fraud Alert Center
Showing Entries with tag "Fraud Report"
Identity Fraud Up 75% Among UK Auto Dealers
A recent warning from Close Brothers Motor Finance, one of the UK’s leading auto lenders, reveals a startling 75% increase in identity fraud incidents repo...
The top minds in risk management across the auto finance industry are deeply concerned — and not without reason.
According to a recent Auto Finance News article, six chief risk officers (CROs) from m...
Auto Loan Fraud Jumps 71% — And It’s Only May
A Moneywise report citing FTC data reveals a shocking 71% increase in auto loan or lease fraud reports in just the first five months of 2025 — outpacing all previous years.
The victims? Everyday Amer...
How the Fraudster Operated
Synthetic identity fraud, a method where criminals fabricate new identities using real and fake personal data, is now the number one type of auto lending fraud, according to ...
