… bank invests in fraud prevention technology because they know that they're going to save more money with that investment than they are going to spend on the tool. A private … The government loses more than a half a trillion dollars to fraud every year. … sort of story that agency leaders can tell them, because if they don't go looking for fraud, they don't find it, and then they don't have to invest in technology to prevent it. (00:46–00:53)
CLAIM
Asserts that the government loses over half a trillion dollars annually to fraud.
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