During the chaotic days of the pandemic, it's alleged that an international ring of nefarious fraudsters stole over $400 billion from the U. S government.
according to some estimates, and the bulk of the money likely ended in the hands of foreign crime syndicates — making this not just theft, but a matter of national security.”
What happened in California highlights governmental ineptitude, leading to obvious criminal actions. Talcove points out the world moved on from the 1980’s COBOL, but the California Labor and Workforce Development Agency didn’t. When the outbreak happened, fraudsters at all levels of sophistication saw an easy target to exploit.
Talcove alleges that the siphoned off stolen funds were used, in part, for child trafficking, drugs, and causing disruptions in our country. Kits were sold on the darkweb to teach people how to steal someone's identification and submit claims for unemployment benefits. The states didn’t have appropriate policies and procedures in place to catch the criminals.
Talcove says that this could all have been avoided. The tools needed to verify someone’s identity in real-time when a transaction occurs are now commoditized with many companies offering SaaS and API-based products.
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