Dealertrack has integrated BorrowerCheck by Point Predictive, an advanced, AI-based identity verification solution designed to counter deepfake and synthetic ID fraud. +
Dealers, insurance providers, finance sources and rental agencies are under attack, leading Veridos America’s Jim Marsh to advocate for an industrywide effort to properly verify identities. +
The REAL ID Act sets a new standard for identity verification and represents a step forward in the fight against synthetic ID fraud. So why are so many dealers verifying IDs the old-fashioned way? +
DealNow’s Brad Parker says platforms that connect dealers with sellers of privately owned vehicles need built-in identity verification and fraud prevention tools to avoid costly mistakes. +
Experts say identity fraud is on the rise and costing the American auto industry billions while inconveniencing legitimate customers. The Detroit Free Press investigates. +
