The Next Five Years of Fraud: We Better Get Ready Now

This report draws on insights from a recent cross-branch roundtable on the evolving fraud threat, informed by testimony from GAO, Treasury, and PRAC, and by new private-sector analysis of identity based fraud patterns. Roundtable participants included a wide array of federal executives who play key roles in fraud prevention, including from numerous federal agencies and both the House of Representatives and the Senate.

Taken together, the evidence suggests a clear direction: prevention must move earlier in the payment lifecycle; data access and privacy must be treated as non-negotiable traits rather than tradeoffs; and incentives must be recalibrated so that agencies are expected to accurately report and prevent fraud before it occurs.