How to tackle the fraud threat government faces

The US federal government loses between $233bn and $521bn annually to fraud, according to estimates from the Government Accountability Office – and a presidential executive order has set out plans to centralize what was described as a ‘fragmented’ federal disbursements bureaucracy to tackle fraud. The ‘Protecting America’s Bank Account Against Fraud, Waste and Abuse’ order sets out measures to reduce fraud against the government, alongside plans to better manage payments, while a taskforce to eliminate fraud has also been created.

This session will explore what is needed to make progress. It will examine how the threat against the government is evolving, and how government should respond. The session will also share insight on how the public sector and private sector can work together, using technology, to tackle fraud.