With the automotive industry facing an unprecedented surge in loan fraud, dealerships are finding themselves at the front lines of a growing battle against sophisticated crime syndicates. In the early months of 2023, the creation of manufactured identities allowed fraudsters access to a staggering $1.8 billion in automotive loan credit, a significant leap from $869 million in the same timeframe in 2021. This escalation has not only highlighted the evolving threat landscape but has also prompte
