Scammers have taken $36 billion in fraudulent unemployment payments from American workers

By January 5, 2021January 7th, 2021News

Scammers have taken $36 billion in fraudulent unemployment payments from American workers

unemployment cash money

Jan. 5, 2021
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.”

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ID. me

ID.me simplifies how individuals prove and share their identity online. ID.me’s next-generation identity platform meets the highest federal standards for online identity proofing and authentication, without compromising access for hard-to-identify groups. ID.me’s technology is used by almost 30MM individuals and 500 partners, including federal and state agencies, healthcare organizations, financial institutions, retailers, and nonprofits.