Auto Finance News Highlights An Increased Threat From Synthetic Fraud

Synthetic identity fraud, which has increased as the pandemic forced the shift to digitization, continues to worsen as fraudsters gain confidence.

As synthetic identity fraud becomes more prevalent within the auto finance industry, scammers are gaining confidence in their ability to produce credit scores between 720 and 780, Naftali Harris, chief executive of SentiLink, a fintech that helps auto lenders prevent fake identities from onboarding, told Auto Finance News.

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