ATLANTA — LexisNexis® Risk Solutions today released its second annual LexisNexis® True Cost of Fraud™ Study for Supplemental Nutrition Assistance Program (SNAP) and Integrated Eligibility Systems (IES). This authoritative study informs the level and impact of fraud, including challenges, volume, and cost, as well as resources that SNAP and IES agencies utilize to detect and prevent fraud.
The 2023 study features an expanded scope that includes integrated eligibility systems (IES) including:
The study reports on key challenges and drivers 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 Findings
"SNAP is more vital than ever as countless Americans grapple with the dual challenges of hunger and escalating food prices," said Haywood Talcove, CEO of LexisNexis Risk Solutions Government. "It's alarming to see a rise in sophisticated criminal activity, including the use of advanced artificial intelligence and bots preying on critical government aid. Our most recent study brings to light the difficulties agencies confront in ensuring food assistance reaches the right hands amid mounting threats from both domestic and international fraudsters. All government benefit programs urgently need robust identity verification, identity authentication of beneficiaries, and comprehensive asset testing. Through increased vigilance and fraud prevention, we can mitigate the escalating impact of fraud, ensuring resources reach those genuinely in need while safeguarding integrity across all invaluable assistance programs."Download a copy of the True Cost of Fraud™ Study for Supplemental Nutrition Assistance Program (SNAP) and Integrated Eligibility Systems (IES).
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.