COVID-19 Pandemic for Fraudsters: A Once-In-A-Lifetime Opportunity

Governments are creating new recovery programs to fight the economic consequences of COVID-19. These programs get needed relief quickly to impacted citizens and businesses. Unfortunately, the pandemic has given fraudsters a once-in-a-lifetime opportunity to attack and defraud government programs.

Recovery programs are susceptible to fraud and integrity issues. A rapid roll-out often means foregoing the usual fraud checks. Perhaps more concerning, crime rings are mounting organized attacks on some programs. What’s at stake? Billions of dollars that are siphoned away from those who need it most.

This session will focus on how analytics and technology can give government leaders a needed boost to protect the integrity of benefit programs. We will focus on unemployment insurance, the Paycheck Protection Program (PPP), and general identity theft.