Three Strategic Recommendations to Mitigate Potential AI-Driven Attacks on Prequalification Applications

Tarry Shebesta, co-founder and CEO of FlexPath DXP, is raising alarms about a significant fraud pattern impacting auto, powersports, and RV credit prequalification web apps. He reported instances of hundreds of submissions made rapidly using different names and details, all triggering credit bureau inquiries—likely driven by bots or AI. This alarming behavior opens doors to synthetic identity fraud and money laundering. Shebesta highlighted key risks: unauthorized credit pulls, potential funding fraud, lack of traditional security safeguards, and financial burdens due to fraudulent inquiries. To combat these threats, he advises dealerships and finance companies to review submission logs, monitor credit bureau activity for anomalies, and ensure identity verification is conducted before credit pulls. FlexPath DXP’s VeriQual system is designed to verify consumer identity in real-time. For more insights and support, visit www.FlexPathDXP.com. Protecting against fraud is critical for industry integrity and consumer safety.

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