Companies are massively embracing remote hiring given their need to strive in the competitive business market. Businesses are facing a severe backlash regarding inadequate security measures. While businesses outsource their work to far-off employees in order to save excessive operations and infrastructural costs, imposters see this as their golden opportunity to harm internal processes.
From account takeovers and compromising financial health to data leaks, fraudsters have their fair share in the company’s exploitation. Around 97% of employees favour remote working, companies need to reconsider cybersecurity threats. Therefore, they should integrate efficient digital ID checks to strengthen their recruitment processes. This article discusses how identity verification solutions increase workflow while restricting fraudsters’ access.
Highlighting Challenges in Remote Recruitment Processes
Companies often use self-owned private or encrypted networks for in-house communication with employees. In the case of remote individuals, this process not only becomes trickier but also prone to cyber breaches. Due to the unstructured setting, company managerial staff can not predict whether the right person is answering their messages or not. Furthermore, validation of identity becomes challenging because of compromised communication networks.
Far-flung employees have different modes to connect, and systems breaches and cybersecurity threats consequently increase. Breach of digital ID checks is another intensifying threat to enterprises outsourcing their work.
Business staff are unable to authenticate the individuals asking for confidential database access accurately. With identity theft methods such as spoofing, counterfeit profiles, document manipulation, and other strategies at their disposal, criminals further make it challenging to undo unauthorised access.
Fraudsters can compromise not only the company’s confidential data but also affect its financial standing. Hence, businesses need to implement more caution by performing effective identity verification during remote hiring.
Identity Verification Services – Countering Obstacles in Remote Work Outsourcing
Online global ID verification solutions are enabling businesses to securely and swiftly onboard remote employees. With real-time presence assurance, efficient mathematical algorithm-driven identification, facial recognition, and liveness detection, managerial staff can run authentication checks despite unstructured settings. This way, identity verification services help businesses prevent their confidential records from manipulation while staying put with Anti-Money Laundering (AML) and Know Your Customer (KYC) legal requirements.
AI-powered ID verification solutions enhance employee as well as overall company confidential data protection. They safeguard both internal and remote individuals from cybersecurity threats.
Read on to learn more about how identity verification services protect remote recruitment processes from external fraud risks.
Remote hiring opportunities elevate chances for qualified individuals to connect with business giants conveniently. Furthermore, online access to information, ease of deadlines, and task completion liberty are other possibilities accelerating the adoption of work outsourcing. This hybrid recruitment model is projected to increase by around 81% by 2024 from 42% in 2021.
With the shift to remote hiring, there is a surge in cybersecurity threats as compromising unstructured networks is easier. The use of synthetic identities is one of the major tactics behind counterfeit profile creation. It has become a major concern for companies as sophisticated efforts by fraudsters are hard to nullify with conventional identity verification checks.
As 48% of employees deal with remote work in different forms, implementing efficient fraud prevention practices is crucial for enterprises. These AI-powered IDV solutions mitigate criminals’ access through accurate authentication of ID and performing ongoing activity monitoring.
Deters Spoofing Attacks
Spoofing attempts are emerging as a rising concern for enterprises outsourcing their work. It helps criminals bypass ID verification by using phishing campaigns, 2D/3D masks, and concealing IP addresses. However, with advanced IDV checks in place, companies can counter spoof attempts in real time. Furthermore, with 3D in-depth video, selfie, and liveness analysis, there will be fewer chances of fraudulent activities.
Detects Document Forgery
Forging PII in documents and bypassing digital ID checks has been a long-in-use method by criminals to impersonate actual employees. They manipulate information such as name, address, date of birth, and others to trick IDV checks during onboarding. Document forgeries also help fraudsters to avail unauthorised access. It can be confidential company data, financial records or other such details. However, with robust identity verification services in place, there will be less room for criminals to pass through with counterfeit documents.
Digital ID checks are the game-changers for companies outsourcing their work and hiring remote employees. Given the nature of recruitment and threat-prone computer networks, integrating AI-powered IDV solutions has become paramount. Fraudsters look for loopholes in a company’s systems to harm its security, integrity, reputation, and worth.
On the contrary, identity verification services discourage bad actors by streamlining the onboarding procedure. Hence, enterprises can cut down additional infrastructural costs while securely outsourcing their work to ensure more rapid growth.