Understanding and Combating Fraud and Identity Risks in Public Sector Retirement Systems
Public sector retirement and employee pension systems are under attack—fraud losses among individuals aged 60+ totaled $3.4 billion in recent years, with the average victim losing nearly $34,000. Fraud targeting public sector retirement systems, especially state government pension programs, is escalating rapidly as these systems digitize their operations.
As cybercriminals evolve their tactics, public retirement and employee pension systems must stay one step ahead. In our new article, we take a closer look at the latest fraud trends impacting public sector retirement programs and explore the cutting-edge tools and techniques that organizations are using to respond.
Explore the article to learn how leading retirement systems are tackling today’s biggest threats, including:
- Emerging fraud risks: From digital identity fraud to undetected death cases and internal system vulnerabilities
- Advanced technology solutions: Including AI-powered identity verification, real-time alerting, and data-driven fraud prediction
- Data security and modernization: Best practices for upgrading legacy infrastructure and securing sensitive member data
- Proven success stories: See how the Texas County & District Retirement System (TCDRS) reduced fraud risk while enhancing the member experience
Proactively updating your systems today can help you protect member benefits, ensure long-term program integrity, and uphold public trust.
Get the full story and learn how LexisNexis® Risk Solutions can protect retirement systems in building a stronger, fraud-resilient future.
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