Key facts
- Posting photos of new cars on social media is linked to a new type of insurance fraud.
- Information shared in social media posts can be exploited by fraudsters for illegitimate insurance claims.
Many individuals share photos of their newly purchased cars on social media platforms to announce their acquisition to friends and family. However, this seemingly innocuous act is now being identified as a contributing factor to a novel form of insurance fraud. The information shared in these posts can be exploited by fraudsters to facilitate illegitimate insurance claims, posing a risk to both individuals and the insurance industry.