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NJ Spotlight News | Business Report: Fraudulent unemployment payments | Season 2022

The video from PBS, titled "Business Report: Fraudulent Unemployment Payments," discusses the significant issue of fraudulent unemployment claims during the COVID-19 pandemic. It highlights how the U.S. Department of Labor reported that at least $87 billion in unemployment benefits might have been paid out improperly, with a large portion attributed to fraud. The report delves into the methods used by fraudsters, including the use of stolen identities to file claims, and the challenges states faced in verifying the authenticity of claims due to overwhelmed systems and outdated technology. Additionally, the video touches on the efforts by state and federal agencies to recover these funds and implement better safeguards to prevent future fraud, emphasizing the need for improved cybersecurity and more robust verification processes.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-fraudulent-unemployment-payments-1664309566/ ]