FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud/File Photo/File Photo/File Photo
(Reuters) - An unprecedented number of people falsifying identities to claim U.S. jobless benefits during the pandemic sparked a surge in government spending to curtail the fraud, creating a fierce new battle in the identification business.
No company may be benefiting more than ID.me, founded in 2010 as a Craigslist for verified military veterans and valued at $1.5 billion in financing this year by funds including Alphabet Inc's CapitalG.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
