Last week, Gov. Cuomo signed into law a bill (A.5056/S.3757) that will enable the state Comptroller greater authority to go after fraud, waste and abuse in state agencies. The new law will enable the Office of the State Comptroller (OSC) to implement a modern electronic fraud prevention and protection system that uses data analytics to better detect improper payments and identify fraud, waste and abuse in the state. Identifying transactions at the earliest possible point helps reduce losses and prevents errors from being made.
Comptroller DiNapoli said:
“We’re charged with safeguarding the public’s money. We use technology to track a vast amount- of financial data and identify millions in waste, fraud and abuse of taxpayer dollars. The new law provides for faster and earlier access to data relied on by state agencies so we can stop more fraud and other problematic transactions before the money goes out the door.”