Recent web searches show the massive volume of unemployment insurance fraud occurring across the United States. The increase in unemployment claims due to job losses stemming from the COVID-19 pandemic, coupled with aging IT systems, have led to an increase in identity theft, fraud, and loss of federal tax dollars. The State of Rhode Island estimates 43% of its unemployment claims in the past year may be fraudulent. California lost over $11 billion dollars to fraud in the past year. Thousands of accounts that use Social Security numbers (SSN) as the primary account identifier have been stolen in Minnesota.
Read more at Five Ways Identity and Access Management (IAM) Cuts the Cost of Unemployment Insurance Fraud