Alert: Phishing Scam Targets Agents
Jeff Wanning of the Central States Family of Companies is warning F&I agents and their staffs to be on the lookout for fraudulent emails amidst a rash of agency hacks.


Actual examples of phishing emails sent to F&I agency personnel include links designed to give the sender access to saved messages and the ability to send requests for funds. Photos courtesy Central States Family of Companies
OMAHA, Neb. — Hackers are targeting F&I agencies, says Jeff Wanning, senior vice president of operations for the Central States Family of Companies, including four CSO-affiliated agencies in the past three weeks.
“We’re a little bit alarmed,” Wanning said. “I realize they may or not be targeting agencies specifically, but agents need to be aware of how to protect themselves.”
In several cases, the hack was initiated with an apparently official email request for “validation” of the recipient’s Microsoft Outlook account. If an agent or agency staff member were to click on the link within, the person behind the initial message could begin using their accounts to scan old messages for valuable data and send new messages to request funds.
“The first email we got actually made sense. They knew the vernacular. Up until the time they mentioned Hong Kong, we thought it was legit,” Wanning said, suggesting that agents invest whatever resources are needed to train staff against clicking on phishing messages. He said CSO relies on KnowBe4, one of several companies offering online training. “We require each of our employees to go through the 25-minute training module and the test at the end, and every month, the system sends fake scam emails, and we track who clicks on them.”
John Braganini of Great Lakes Companies confirmed his agency was among those affected by the recent wave of hacks. He said an IT expert found the Portage, Mich.-based company’s database was not compromised, possibly indicating a third party, such as Facebook, was the source of the breach.
“It looks like someone got into my contact directory and had been sending out emails, supposedly from me. They put my name into an email and sent an invoice to about 20,000 people,” Braganini said.
More Digital

F&I in the Digital Age
Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.
Read More →
Need for Speed: EV Apps Lack Consistency
Fifty-five percent of surveyed EV owners said their mobile applications had a major or moderate impact on their purchasing decisions, but connectivity issues remain a problem.
Read More →
Four Keys to Your Digital Trail Defense
Federal regulators are cracking down on hidden fees. This protective measure could mean the difference between winning and losing a lawsuit or surviving a duel with the Dark Side.
Read More →
Hyundai Hosts Tech Talent Forum
Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.
Read More →
Dealers Seek Actionable AI
Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.
Read More →
Reahard & Associates Forges New Integration
The firm's F&I Insight tie-up with The Impact Group’s ImpactMenu platform is designed to enhance finance-and-insurance transaction recording for auto dealerships.
Read More →
Registration Open for Reynolds Amplify Retail Summit
Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.
Read More →
Automotive Training Academy by Assurant Grows Offering
A new Atlanta location on Reynolds and Reynolds' docuPAD e-contracting system is designed to broaden access for auto professionals.
Read More →
Assurant Debuts Virtual Solution for Dealers' Staffing Challenges
Company says on-demand access to F&I specialists is shown to boost dealership efficiency and profitability.
Read More →
What to Do When Your Vendor Is Hacked
The quickest way to turn a breach into a crisis is to wing it. Follow this seven-step playbook to ensure you meet your obligations.
Read More →