What’s the financial impact of fraud on Supplemental Nutrition Assistance Program (SNAP) agencies? How big is the affect not only on the agency, but on the people who rely on these critical services?
During Fraud Week, we’re taking a look at how much fraud is costing SNAP agencies, featuring The LexisNexis® Risk Solutions True Cost of Fraud™ Study for SNAP Agencies, which analyzes current fraud impacts and trends affecting this critical government benefit. It 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.
We’ve boiled the study’s findings down in an infographic, where you’ll learn four major findings, including:
- What the value of lost benefits through fraud actually cost SNAP agencies
- Limited agency resources’ impact on fraud losses
- The challenges of online and mobile channel applications
- Impact of limited use of best-practice fraud mitigation methods
You’ll also gain insights into solutions – the opportunities you have to integrate fraud solutions with cybersecurity and digital customer experience operations…seamlessly.
Download our infographic today to get a snapshot of the true cost of fraud within your agency.