By Greg Iacurci, CNBC
ID.me is on the frontlines fighting unemployment fraud, and we’re tracking remarkable statistics that illustrate the scope of criminal activity.
““This is the largest fraud attack on the U.S. ever. Period,” said Blake Hall, founder and chief executive of ID.me, which offers an identity verification service to more than a dozen state unemployment agencies. “And it’s not even close. Fraudulent claims for benefits can account for roughly 35% to 40% of new applications in some states with generous weekly payouts, Hall said. International organized crime rings from countries like China, Ghana, Nigeria and Russia account for most attacks, he said.”
