SAN JOSE, Calif. -

FICO is offering finance companies strategy recommendations for those who fear that they’re reviewing too many applications for fraud, yet still finding fraudsters on the books. FICO also questioned whether finance companies have a clear definition of what is fraud and what is bad debt.

To answer those questions and more, FICO is hosting the hour-long webinar on Monday beginning at 1 p.m. ET.

“Application fraud is a growing and increasingly costly problem, FICO officials said. “Auto lenders are struggling to detect it while remaining responsive to their good customers and agile in making originations decisions.

“Meanwhile, organized criminals are becoming more sophisticated in their attacks,” they continued.

FICO highlighted this educational webinar is geared to give managers analytic strategies to authenticate genuine customers and detect fraudulent applications.

Among the specific topics on the agenda are:

• The current face of application fraud: What does it look like in 2015, and what unique challenges does it present to the auto industry?

• What are matching technologies, and how can you use them to detect application fraud?

• How can auto lenders use analytics to increase detection and lower the burden of maintaining rules?

• What kind of data — both internal and external — should you use to assess risk and combat application fraud?

• How can you leverage social network analysis to bust fraud rings?

• What are some case study examples of organizations that are winning the fight against application fraud?

Finance companies can register for the free FICO webinar here.