The U.S. Government Will Step it Up: 2022 Fraud Trend Series
Blog post from Socure
After pandemic-era relief, entitlement, tax, and unemployment programs experienced major increases in suspected identity fraud, U.S. agencies expanded efforts to prevent improper payments, investigate criminal networks, educate consumers, and strengthen identity verification. Cited initiatives include the White House’s identity theft and public-benefits program, a forthcoming Joint Financial Management Improvement Program report, Department of Justice actions against money mules, IRS taxpayer-protection outreach, and FinCEN priorities addressing synthetic and internet-enabled fraud. The piece highlights estimates of substantial potential fraud in Paycheck Protection Program loans and unemployment benefits, while noting that synthetic identities can also facilitate money laundering and terrorism-related activity. It predicts that government agencies will pursue more partnerships with private-sector identity-verification providers in 2022, and presents Socure’s expanded public-sector group as part of its intended contribution to faster access to services, lower fraud losses, and stronger program integrity.
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