POINT PREDICTIVE – Point Predictive has released the 2022 Auto Fraud Trends Report. It’s a summary of critical findings in the world of auto fraud over the past year and also provides a roadmap of trends on the rise in 2022.
In short, in the U.S. 2021 marked the end of government stimulus programs and pandemic related lockdowns. It also marked the beginning of a new era in fraud.
Key findings from the report:
- Fraud Estimates Increased to $7.7 Billion Driven by Higher First Party Fraud
- Point Predictive Fraud Analysts Detected 260% More Fraud
- More Than 5,000 Fake Employers were Detected in the Auto Lender Consortium
- Lenders Fought Back - Increasing Spend on Technology and Staffing