Friday, February 26, 2021
WASHINGTON (Sinclair Broadcast Group) — An official report estimating state agencies have lost tens of billions of dollars in fraudulent unemployment claims could be just the tip of the iceberg, according to a private security company.
Earlier this week, the Department of Labor Office of the Inspector General released a report that found lax enforcement of fraud prevention and poor security practices by state workforce agencies was resulting in billions of dollars in fraudulent payments.
According to ID.me, a company that provides states with identity verification support tools, the losses are likely more substantial.
“Given this and the trends we are seeing, we estimate the U.S. has actually lost nearly $200 billion in fraudulent unemployment claims (including UI),” said the company’s founder and CEO Blake Hall. …
