Working Together: How Auto Industry Players Are Fighting Back Against Digital Fraud

By: Jessica Gonzalez

“It started with what looked like a normal sale,” recalls a compliance officer at a mid-sized dealership in Dallas. “The customer seemed legitimate, the electronic payment cleared initially, and everything appeared to be by the book.” But then things went sideways.

Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. But this time, industry veterans are taking a different approach to fighting back. Read More >>

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