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Synthetic Fraud – Quantifying, Recognizing and Preventing Synthetic Fraud at your Dealership


Synthetic Fraud – Quantifying, Recognizing and Preventing Synthetic Fraud at your Dealership

Synthetic identity fraud is recognized as one of the fastest-growing financial crimes in the United States and is becoming an increasing concern for businesses – including automotive retailers.  When it comes to synthetic identity fraud, knowing there is a problem is half the battle.

We are gathering experts from the three credit bureaus – Equifax, TransUnion and Experian – to provide dealers a groundbreaking roundtable opportunity where we will:

  • Define a Synthetic Identity and how it is created
  • Quantify how the problem is today in automotive retail
  • Discuss trends in synthetic incident rates and the effect of COVID on this type of fraud
  • Perform a crime scene analysis: what does a synthetic fraud attack look like and how to recognize (detect) it
  • Review models that are addressing Synthetic ID Fraud and how to put them to work for your store today
  • Discuss frequent misconceptions on whose responsibility it is to detect & prevent Synthetic ID Fraud (dealer versus banks, etc.)
  • Introduce future predictions – what the future holds for our industry