Employer Fraud is Exploding
In 2020, fraudsters took advantage of pandemic-associated vulnerabilities such as limited verification and ease of creating fictitious businesses. Employment fraud is a scheme that rose ...
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Streamline Low Fraud Risk Loans? Focus on Low-Risk Scores
How can lenders more quickly book low fraud risk loans? It may require a mindset you haven’t considered. Consider this: At some point in your ...
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“Layer Up” to Prevent Loan Losses
Fraudsters go from lender to lender, exploiting even the smallest gaps in controls. But unfortunately, there’s no single point of entry. It could be a ...
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Geographic Fraud Risk: Fraudbot™ in Action
What is Geographic Risk and Why Should I Care? Certain geographic regions contain active fraud rings that find easy money through synthetic identities, stolen identities, ...
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FraudBot™ Unweaves Synthetic Identities
What Are Synthetic Identities? Synthetic identities are a combination of first name, last name, birth date, and social security number that have a credit history ...
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What Makes A Car Dealer Risky For Fraud?
Face it some fraud is going to happen, and it's not always the dealers fault. But how can lenders decide exactly when a ...
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Employment Fraud Outed by Fraudbot™
Employment Fraud – What Is It? Employment fraud (or employer fraud) is when an individual or group misrepresents their employment in one or more ways. ...
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Straw Borrower Fraud Outwitted by FraudBot
Straw Borrower Fraud – What Is It? A straw borrower is an individual whose name, social security number, and credit history are used to hide ...
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2020 Annual Auto Fraud Report
Every January, Point Predictive’s Chief Fraud Strategy Officer, Frank McKenna, assembles his team to start the annual fraud report. They pore over our unique lender-contributed ...
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