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‘Synthetic fraud is rampant’: Agentic AI, social media empowers auto scams

Aidan Bush

IRVING, Texas — Synthetic identity fraud made up 12% of total auto fraud losses in the second quarter as scammers turn to agentic AI and online programs.   Overall identity theft made up 30% of auto fraud losses in Q2, according to data shared by financial services business intelligence network Auriemma Roundtables during a June 3 presentation at the Non-Prime Auto Financing Conference.  Auto fraud benchmark  However, the share of synthetic […]

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