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 […]
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 […]
How Companies Get Identity Validation Right
The dangers of phony IDs and the many fraudulent schemes that depend on them loom across all industries. Mitigating such risks is crucial for organizations in which regulatory compliance hinges on identity validation. And, considering the rising prevalence of credit card fraud in the US and abroad, with cases increasing by nearly a third in […]
4 Consumer Identity Theft Stories: How to Protect Your Customers
Fraud does not limit itself to any particular business, it impacts all industries. While technology is improving and businesses are leveraging increasingly sophisticated fraud prevention methods, fraud is still on the rise. In early 2020 the world shifted to a more remote, online environment and with that shift, came a 7% increase in fraud in […]
3 Key Benefits of a Handheld ID Scanner
Handheld ID scanners are a great way to check if an ID is real and to extract information from the ID. Handheld ID scanners are typically paired with verification software to prevent fraudsters from slipping passed through. They can improve ID checking efficiency, reduce the risk of underaged individuals, keep a record of past fraudulent […]
