AI: Friend or Foe?
The Rise of Paystub Fraud in the Auto Industry
Technology is being misused by some individuals, leading to alarming consequences. In the auto industry, paystub fraud is on the rise, with people now able to generate fraudulent paystubs using AI technology and apps on their mobile phones. This poses a significant risk, as these individuals can walk into car dealerships, purchase vehicles, and provide "fake proof of income" that they created themselves.
Addressing the Concern: Can Your Dealership Detect Fraud?
Are you concerned yet? If you are a dealership, are you equipped to distinguish between genuine and fake paystubs? I recommend reading Gil Van Over's article, *"Paystub: Real or Fake?"*, and developing a strategy to spot the difference in your dealership.
When in doubt, it’s always best to trust your instincts and proceed with a sale only when all the numbers match up.
Written by Stephany Whitted
Image: Pexels/John Guccione | Article: Paystub: Real or Fake?
Total accountability, total transparency
With our trained consultants, you can see where every dollar is coming and going. Think of it as an MRI for your whole business—and no other consultancy can realistically offer this service. Want to compare your company’s performance to your immediate competitors? We can set that up for you.