Spending to fight U.S. unemployment fraud brings boost, scrutiny to Alphabet-funded ID.me
Jul 22, 2021
By Paresh Dave & Jeffrey Dastin, Reuters
An unprecedented number of people falsifying identities to claim U.S. jobless benefits during the pandemic sparked a fierce new battle in the identification business, helping the government curb and prevent fraud.
No company may be benefiting more than ID.me, an identity verification provider which been employed by 27 states to help address what the U.S. government said could amount to $87 billion in improper unemployment benefits payments during the pandemic.
“Arizona credited ID.me for reducing fraud and ensuring timely benefits delivery. New Jersey described ID.me as “a tremendous asset,” and California called it the best of 12 vendors it considered, including Adobe Inc and DocuSign Inc”