The Northeast Regional Chapter of the International Association of Auto Theft Investigators (IAATI) has invited WANADA dealer members to join its upcoming webinar on fraud prevention: November 17 @ 2:00 p.m. Registration is available here.
This webinar will cover an analysis of fraud patterns and trends uncovered in the auto lending fraud consortium – a vast database containing over 130 million auto finance applications from across the country. The analysis reveals that the industry can expect over $8 billion in auto fraud risk this year, including schemes to defraud lenders and dealers through income fabrication, use of fake employers, synthetic identities, straw borrowers, ghost loans, powerbooking, and insider fraud.
The presenter will be Frank McKenna of Point Predictive. Frank McKenna is the Chief Fraud Strategist of Point Predictive and the author of FrankonFraud, a blog covering global fraud trends. He has worked with over 250 banks and lenders in the US, helping them integrate AI solutions to combat fraud and risk.Download Bulletin PDF