Hiring Fraud Is Costing You More Than You Think
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Hiring fraud is no longer just a back-office concern. It’s an existential risk that drains budgets, destroys trust, and increasingly evades traditional security tools. Prevent hiring fraud before it logs in.
The numbers speak for themselves:
- $125,000 – The median loss due to business fraud.
- 14 months – The average time it takes to detect it.
- 70% – Of scam victims were targeted via social media.
- $25M+ – The fraud cost reported by 20% of companies in 2024.
And in a distributed, remote-first world where hiring happens on Zoom, Slack, and Teams is your office, the attack surface for fraud is only growing.
The question isn’t if you’ll be targeted, it’s whether you’ll see it coming.
The Rise of the Fake Employee
From fake profiles and doctored resumes to stolen identities and insider scams, attackers are impersonating job seekers, infiltrating workforces, and sapping revenue — all while flying under the radar.
Just look at recent headlines:
- In July 2024, KnowBe4 uncovered a North Korean state actor posing as a Principal Software Engineer, who used a stolen U.S. identity and AI-generated facial images to get hired. The attacker attempted to deploy credential-stealing malware via a company-issued Mac, but KnowBe4’s EDR stopped the threat before any breach occurred. The scheme involved remote access through VPN and a fake shipping address. KnowBe4 now advises isolating new hires' environments, verifying device usage, and flagging address inconsistencies.
- The U.S. Department of Justice is seizing $7.7 million in crypto and NFTs earned by North Korean IT workers who used fake identities to gain jobs at U.S. and European companies. The assets, frozen since April 2023, were tied to DPRK-led money laundering schemes and employment fraud.
By the time HR or IT catches on, the damage is done — devices are stolen, data’s been scraped, payments misrouted. Even worse? The trust is gone.
Why Existing Methods Are Failing
Most businesses still treat onboarding as a checkbox, verifying identity with easily faked documents or cursory background checks. But fraudsters are innovating faster than your workflows can keep up.
What’s missing?
- Cryptographic identity attestation
- Strong, phishing-resistant authentication
- Real-time device trust and behavioral context that can’t be spoofed
- Liveliness verification against government-issued ID
Relying on passwords, SMS, or video interviews to secure your workforce today is using yesterday’s methods for today’s challenges.
Make Hiring Fraud Impossible
From onboarding to daily SSO logins, Beyond Identity's device-bound authentication + Nametag's identity verification make hiring fraud impossible.
Let's see how step-by-step:
1. Application: Nametag verifies the applicant’s real-world identity up front after the HR representative creates their profile—using government-issued ID and a live selfie check—to ensure the person applying is who they claim to be. No fake names, no deep fakes, no bots.
2. Hiring: Beyond Identity’s RealityCheck provides a visual attestation to user identity and device posture. Impersonators using deepfakes or fake identities are automatically locked out of the process. Nametag verifies the applicant’s real-world identity up front after the HR representative creates their profile—using government-issued ID and a live selfie check—to ensure the person applying is who they claim to be. No fake names, no deep fakes, no bots.
3. Onboarding: Beyond Identity binds the new hire’s identity to their device—eliminating passwords, one-time codes, or push notifications. This device-bound credential is tamper-proof and cannot be stolen. Combined with strong identity verification, it ensures only the right person can access systems, tools, and sensitive data from day one.
4. Employment: If account recovery is needed, Beyond Identity’s integration with Nametag re-verifies the identity using their government ID and a selfie—making it impossible for an attacker to request a reset via help desk social engineering or stolen info.
For enterprises battling vendor fraud, insider threats, and identity deception, Beyond Identity offers assurance at every step of the identity lifecycle — without compromising user experience.
Fraud Is Evolving. So Should Your Identity Strategy.
Remote work, social engineering, and AI-generated scams aren’t trends. They’re your new normal. And they demand a solution that goes beyond the basics.
Stop fraud before it starts. Make phishing — and fake employees — impossible.
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