The rate of fraud perpetrated across the public sector is significantly on the rise. In 2015 alone, the Office of Management and Budget estimated 10.1 percent of all federal welfare payments to be fraudulent, totaling $71.5 billion. According to Javelin research, there were 15.4 million US victims of identity fraud in 2016. That’s a 16 percent increase in victims over the previous year.
To detect and fight fraud, government relies on identity proofing. Proper identity proofing includes verifying identity documents, biographic information, biometric information and knowledge of personally relevant information or events.
In order for government to keep up with the threat environment, however, agencies need to modernize their identity proofing strategies by applying more holistic, risk-based approaches. These approaches incorporate more sophisticated identity fraud methodologies.
Learn how your agency can navigate the primary challenges of identity proofing in the public sector, what modernization of identity proofing looks like and some best practices to improve tactics in your agency.