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