Frank on Fraud: How Credential Stuffing Attacks Target Carmakers
Frank McKenna, Point Predictive’s Chief Fraud Strategist and resident expert on fraud prediction, recently wrote about the risks of credential stuffing in the automotive industry on his personal blog Frank on Fraud. A recent credential stuffing operation may have affected more than 10,000 accounts at major automakers, Frank writes. Credential stuffing cyberattacks involve obtaining usernames […]
‘To The Point’ Bonus Episode: Dispatches from the Front Lines of Auto Fraud
In this bonus episode recorded at the Point Predictive 2023 Auto Lending Fraud Roundtable, Sgt. Darren Schlosser of the Houston Police Department Auto Theft Division and Sgt. Dave Navarro of the Orange County Auto Theft Task Force present their findings from the front lines of fraud. This was one of the most highly anticipated sessions […]
Q&A with Point Predictive Advisory Board Member Barry Kirby
Since joining the Advisory Board this summer, Barry Kirby, the subject matter expert on credit unions has been weighing in on how credit unions can benefit from Point Predictive technology. We sat down with him to discuss the state of the industry and where credit unions have an advantage in consumer lending. Point Predictive (PP): […]
Credit Unions and Auto Lending: Unpacking the Risks
Point Predictive’s latest report, “Credit Unions’ Share of Auto is Rising But Their Risk Profile Is Too,” delves into the evolving landscape of credit unions in the auto lending space. The report identifies and explains some recent and ongoing trends, including consolidation, fraud vulnerabilities, and delinquency trends. A Decade of Transformation Over the past decade, […]
To The Point Podcast Episode 8: Fast Cars, Racing Careers, and Data Analytics, with Katherine Legge
In this week’s episode, Katherine Legge joins the podcast to discuss her career in race car driving, the challenges and risks associated with it, and how data analytics is being used in motorsports, as well as in fraud prevention, to improve performance. Click below to listen to the full episode or read the full transcript. […]
Technology is Changing How Lenders Look at Loan Applicant Income
Income verification and income validation may sound similar, but key distinctions between the two methods can make for substantial differences in how loan applications are processed. Learn how technology-assisted income validation is changing how lenders are evaluating applicant income. Income is one of the key metrics lenders use when determining if a potential borrower is […]
To The Point Podcast Episode 7: How Fraud Prevention Hinges on Technology, with Mike Periera
On this week’s episode Mike Periera, Vice President of Lending Operations at MidAtlantic Finance Company, discusses how his organization has structured their fraud prevention strategy around technology and how Point Predictive products in particular have been paramount to their success. The conversation also touches on how AI is shaping the future of fraud and how […]
To The Point Podcast Episode 6: The State of the Fraud Prevention Field with Matt Beardsley
On this week’s episode, Matt Beardsley of PenFed Credit Union explains how first-party loan fraud is an understated and too often overlooked financial crime. He discusses the evolving tactics fraudsters are using to deceive credit unions and other lenders, and the steps organizations like his are taking to stay vigilant. Beardsley, a self-described “financial crimes […]
How to Spot 5 Red Flags That Appear on Most Synthetic Identities
Synthetic identity fraud involves creating legitimate-looking credit profiles tied to nonexistent individuals. Here’s what to look for: How does synthetic identity fraud work? There are a few different ways bad actors use synthetic identities to commit fraud, but they all generally rely on creating wholly or partially spurious credit profiles that can trick potential lenders […]
To The Point Podcast Episode 5: Why Fraudsters are Becoming More Aggressive
A Point Predictive Podcast with Sgt. David Navarro Sgt. Dave Navarro of the California Highway Patrol discusses the wide variety of fraud affecting auto dealers in California, both before and after purchase. He explains how fraudsters’ brazen and constantly evolving tactics can present a challenge for law enforcement, and how his agency is working to […]
