Everything You Need to Know About Preventing Auto Theft Rings
Preventing auto theft rings comes down to securing purchase points and registration processes with powerful ID verification solutions.
How Automotive ID Fraud Happens and What You Can Do To Prevent It
Identity fraud can threaten most types of businesses, and automotive dealerships are also at risk. Auto lenders and dealers who are successfully duped by fraudsters sporting fake identity documents can suffer tremendous losses in a very short span of time. In fact, synthetic fraud in automotive managed to top $1 billion in balances throughout the […]
4 Common Ways Identity Theft Happens In Car Sales
With the demand for automotive sales moving from in-person to online, the need for fraud prevention methods is also increasing. In fact, according to a recent study by GIACT, 85% of car shoppers are more likely to buy from particular dealerships that will allow them to start or complete nearly all of their vehicle purchases […]
Identity Fraud in Automotive Sales: How to Protect Your Dealership
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 […]
4 Frequently Forged Identity Documents In Car Sales
Fraud in the automotive industry can cost dealerships hundreds of thousands of dollars. Unfortunately for these dealerships, automotive lenders are now trying to make the dealerships shoulder the responsibility for fraud related losses, which leaves dealerships to absorb the detrimental costs. In many automotive fraud cases, fraudsters will submit fraudulent documents that help them receive […]
What are Gambling and Gaming Fraud and Why Do They Matter?
Gaming has steadily grown in popularity across all demographics alongside the emergence of more capable hardware. This has spurred new business models and approaches in the process. Mobile gaming has seen tremendous growth, with a full 54% of gamers choosing to play games on their mobile phones instead of consoles or desktop computers. Revenue projections […]
Fraud Prevention Checklist: What To Watch Out For In Automotive Sales
In the automotive industry, single instances of fraud can amount to tens of thousands of dollars in losses even if the car is recovered. That said, the best way to minimize fraud losses is to prevent fraud from occurring in the first place. To do this, businesses and dealerships must take preventative measures to combat […]
Fraud Trends On The Rise – 4 Things You Should Know About
In digital transactions, we’ve seen a 42% year-over-year increase with 60% of these being handled on a mobile device. And, with a 48% year-over-year rise in fraud attacks involving mobile devices, it’s apparent that both consumers and the businesses that serve them will need to begin taking digital security measures much more seriously in the […]
How To Protect Your Business From Fraud During Covid-19
COVID-19 has brought a fair deal of challenges for all the industries worldwide. Many companies, including financial institutions and banks, have turned to their online infrastructure for conducting business. The United Nations has already issued a warning that the coronavirus pandemic poses a threat to online security. In fact, according to the disarmament chief of […]
Credit Card Chargeback Laws: What You Need To Know
Commercial businesses are always vulnerable to break-ins and thefts. However, some sectors, such as retailers, are more susceptible to less obvious forms of theft, such as credit card chargeback fraud. Chargeback, also known as “friendly fraud,” occurs when a cardholder disputes a financial transaction and gets the payment reversed by their bank instead of contacting […]
