ATLANTA — LexisNexis® Risk Solutions today released the inaugural edition of the True Cost of Fraud™ Study for Supplemental Nutritional Assistance Program (SNAP) Agencies which surveyed leadership from 74 state and county agencies that administer SNAP across 35 states. The report also explores key indicators related to fraud detection, prevention, and the benefit allocation experience.
In addition to analyzing the cost of fraud, the study explores the time and resources expended by SNAP investigators to prevent attacks and mitigate fraud and analyzes current fraud impacts and trends affecting this critical government benefit.Key Study Findings from True Cost of Fraud Study for SNAP
"SNAP is a critical public assistance program that helps our most needy populations,” said Andrew McClenahan, senior director of Social Services strategy at LexisNexis Risk Solutions. “Unfortunately, there are criminal groups increasingly targeting this important government program. This study gives great insight into where the pain points are, the challenges faced by agencies while administering food assistance, and the impacts from domestic and international fraudsters. Without digital identity tools that provide equitable and expedient access to benefits, the true cost of fraud will continue to grow under the persistent threat of identity thieves, bot attacks, and insufficient technology and manpower resources."
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions includes seven brands that span multiple industries and sectors. We harness the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.