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TruStage RISK Alert: Credit Unions Experience Losses Associated with VIN Cloning

VIN cloning occurs when the Vehicle Identification Number (VIN) of a legitimate vehicle is stolen and then applied to another vehicle, often one that has been stolen. This deceptive maneuver hides the original VIN of the stolen vehicle, effectively giving it a counterfeit identity. This leads to two vehicles operating with identical VINs.

The VIN, or Vehicle Identification Number, serves as a unique identifier given to every vehicle during its manufacturing process. It holds critical details such as the vehicle’s make, model, year of production, manufacturing location, and more, akin to the vehicle’s fingerprint. Legitimately, no two vehicles share the same VIN.

VIN cloning involves stealing the VIN from a legitimate vehicle, often one that has been stolen itself, and affixing it to another vehicle. This fraudulent act conceals the original VIN of the stolen vehicle, making it challenging for law enforcement to trace the vehicle back to its rightful owner.

The incidence of VIN cloning is increasing nationwide, with CARFAX reporting a 63% rise from 2019 to 2023.

For more information and detailed risk mitigation tips, read the full alert at:

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