Tag Archives: fraud

California tech company Huddlebots, producer of what its website calls “nanorobotic machines,” is breaking new scientific ground. But Huddlebots’ technology is not to be confused with the fictional nanobots described in science fiction writer Michael Crichton’s novel Prey. Instead, Huddlebots’ nanorobots are “molecules with a unique property that enables them …

The last few months have pushed forward the adoption of digital selling, lending and servicing solutions at breakneck speed — and consumers are happy with the changes. However, with great digital services comes great responsibility to ensure that fraud doesn’t grow to an even bigger problem. The shift to digital …

When showrooms throughout the U.S. were forced to close amid the coronavirus pandemic this spring, many dealers shifted to digital sales out of necessity. Lyon-Waugh Auto Group, which had been set up with Darwin Automotive’s digital retailing tool at one dealership, decided to roll it out to all eight of …

Coronavirus-related closures of state motor vehicle departments this spring put a wrench in vehicle title work and registration processing, producing a backlog of unverified documents key to finalizing car sales. Without the ability to process vehicle registration and titling data under lockdown, state governments couldn’t perfect vehicle liens — legally …

Credit washing, a major fraud concern before the COVID-19 outbreak, was put on the back burner by government forbearance efforts that preserve customer credit profiles from the negative input of late vehicle payments. But fraud experts fear the practice, in which scammers claim to be identity-theft victims and request to …

Synthetic identity theft, where scam artists cobble together an identity by blending real and fake information to obtain vehicles, has slowed somewhat during the coronavirus pandemic, credit bureau TransUnion says. Forbearance programs may be the main reason for the decline in synthetic identities being used in auto loan applications. The …

With masks required and online sales transactions becoming more common, dealerships are prioritizing fraud prevention during the COVID-19 era. Lori Church, director of compliance at Holman Automotive Group, told Automotive News that the dealership group — which has 42 stores in nine states — is using a “commonsense approach.” That …

Identity theft is the leading cause of concern for auto lenders today, fraud experts say, after a wave of successful phishing attempts masquerading as important information about COVID-19 potentially lured thousands of consumers into giving up personal information. As forbearance and federal stimulus programs come to an end, TransUnion warns …

Illustration by Darcy MuenchrathCar and Driver From the June 2020 issue of Car and Driver. Since the passage of the Americans with Disabilities Act in 1990, those ubiquitous blue parking permits have allowed drivers with disabilities to park in prime spaces, often for free and with no time limits. It …