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Levels of fraud - less than 0.5% - are negligible.
High levels of fraud and errors in calculating tax credits have also discredited the system.
Some cryptocurrency pump-and-dump and pyramid schemes have resulted in Bernie Madoff-levelsevels of fraud.
None of the US banks that offer Apple Pay contacted by the Guardian would discuss levels of fraud.
Recently, law firm Thompsons Solicitors, which specialises in personal injury claims, said insurers were exaggerating the levels of fraud to reduce the rights of consumers.
It is not much surprise then that the public tends to have an exaggerated idea both of what benefits are worth and the levels of fraud.
Similar(27)
That may rise to the level of fraud.
The level of fraud for DLA is 0.5% as many readers have pointed out.
It outlines four separate violations, two of which it says descended to the level of fraud.
In its first three years the level of fraud and error will reach almost £3bn.
But the level of fraud was such that this is seen as a joke.
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CEO of Professional Science Editing for Scientists @ prosciediting.com