Proactive Fraud Prevention Techniques Prevent Large Losses

Recently, several of my associates mentioned to me that the Washington (State) Department of Labor & Industries is practicing some very proactive and progressive techniques in their fraud prevention program.  That put Washington L&I on my “radar screen” and this morning, I saw the following news piece. While it is often hard to quantify dollars saved from fraud prevention efforts (i.e. Losses that haven’t occurred yet) there are methods to arrive at dollar loss prevention estimates which demonstrate that technology and proactive fraud prevention techniques prevent losses. However, in this case, they aren’t talking estimates… but more specifically referencing dollars “recovered,” which are “real financial figures” and not just estimates on losses prevented.

I haven’t yet had an opportunity to see what they’re doing in the Pacific NW, but given their results…I’m interested in getting more information about their efforts!