The FTC estimates that synthetic identity fraud now accounts for 80-85% of all identity fraud. On this episode of Connected, Greg sits down with Frank Toms from Auto Data Direct to talk about what kind of challenges this type of fraud presents for dealers.
Frank and Greg discuss everything dealers need to know including:
-What constitutes synthetic fraud.
-The risk synthetic fraud poses to dealers
-Measures for spotting fraud before it occurs.
-How to stay educated as fraudulent practices change.
