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Tag : Identity Fraud

  • Many fraudsters have an easier time bypassing online fraud prevention measures than in-person. The demand for purchasing things online has increased more and more each year, especially for automotive retail. 

    In fact, according to the Cox Automotive Future of Digital Retail study, 85% of shoppers are more likely to buy from a particular dealership that allows for them to start or complete nearly all of the vehicle purchase online. 

    As dealerships adjust to the demand in the market, they need to be aware of the two major forms of fraud: true name fraud and synthetic identity fraud.

    These forms of fraud are becoming increasingly more common, making it no longer effective to simply check a credit score to verify identities. So while trying to keep up with demands it is important to stay educated on the risks.