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

Dealer World

"The customer seemed legitimate, the electronic payment cleared initially, and everything appeared to be by the book." They promise below-market prices but require a hefty 50% down payment. But then things went sideways. The scam works like this: Fraudsters connect with buyers looking for deals on vehicles.

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

AutoSuccessOnline

. “The customer seemed legitimate, the electronic payment cleared initially and everything appeared to be by the book.” They promise below-market prices but require a hefty 50% down payment. Tech companies are developing real-time payment verification tools that work across different systems.