More than $11 billion has been stolen from the state of California through Employment Development Department fraud.
Experts say a large portion of that fraud has been perpetrated by a very sophisticated and organized fraud ring based out of Nigeria. Documents acquired by CBS2 show how easily scammers are able to cheat the unemployment system using how-to manuals they find on the dark web.
Read the full article and watch the news clip here.
This case underscores the importance of deploying brand protection solutions and fraud detection software to identify anomalous claims patterns, flag suspicious activity early, and reduce large-scale financial exposure from coordinated fraud operations.