Lately we’ve seen a few more examples of why it’s crucial for businesses and governmental organizations to review and buttress their online security systems and internal accounting controls.
Fraud artists in Massachusetts siphoned off a whopping $6,139,720 in public benefits last fiscal year, according to a newly released report from State Auditor Suzanne Bump.
While in the private sector, a Massachusetts scammer who defrauded victims of almost $1 million by both breaching company email systems to divert funds and romantically manipulating women into helping him was recently sentenced to two and a half years in prison.
“While fraud represents a small portion of total public assistance spending, it has a disproportionate negative impact on public trust in these programs,” Bump said.
That’s unequivocally the case and a slap in the face to hardworking state taxpayers.
MassHealth, which, minus federal reimbursement, accounted for 22% of the…