A new report details how the federal government is ignoring billions of dollars in identity theft-related fraud every year as outdated systems leave government agencies and Americans both vulnerable to scammers.
The report from Socure, a firm which sells identity verification services, found that fraudsters are using stolen identities to scam government agencies out of billions and bilk Americans from receiving benefits they are entitled to in the process. The problem is so vast, according to the report, that false or fraudulent claims originating from crime rings primarily based abroad make up between 2 percent to 12 percent of all applications for US government services.
