For years, automakers and hackers have known about a clever attack that spoofs the signal from a wireless car key fob to open a vehicle’s doors, and even drive it away. But even after repeated demonstrations—and real thefts—the technique still works on a number of models. Now a team of Chinese researchers has not only demonstrated the attack again but also made it cheaper and easier than ever.
What is going on in the repossession industry? For years we have been pushed around, dictated to, coerced by false information, and downright bullied. But Enough is Enough!
The Council of Repossession Professionals (CORP) can no longer stand back and discuss the issues. We have to get out front and disseminate all the information we can to you, the hardworking, professional recovery agents and owners, with a belief that you can make informed decisions.
Repossession fees have been cut and cut to the point it is getting dangerous. It’s been shown time and time again, when you read these stories about repossessions gone bad, they happened when you have untrained people out there picking up cars and/or they are under undue stress to repossess that car because if they don’t, they don’t get paid—their family doesn’t eat. If you cut back fees too far, it becomes impossible for companies to do it right. Perhaps instead of trying to find more ways to save the consumer money, maybe it’s time to start to find ways to make the consumer and general public more safe by paying a higher repossession fee that allows for companies to run their businesses right and to make their repossessions safe.