The U.S. Government Accountability Office estimates that as much as $521 billion is lost to fraud annually. Fraudsters use advanced techniques, such as bots, stolen and synthetic identities, IP spoofing software, and the dark web to conceal fake applications, scale operations, and traffic stolen identities. Watch the on-demand recording to learn how Plum Identity can help you prevent fraud.
Given this environment, governments should consider the following actions to improve program safeguards. They need to focus on pre-payment prevention versus post-payment detection, include automated pre-payment technologies as the first line of defense and use behavioral analytics to improve identity verification capabilities.
Specifically, attendees learned about:
Watch the on-demand recording to learn how to reduce false positives with comprehensive triangulated fraud indicators and to improve program integrity while continuing to protect citizen privacy.