Preventing Internal Fraud with Know-Your-Employee (KYE)
Know-Your-Employee (KYE) is rapidly gaining traction as the landscape of hiring has undergone a significant transformation in recent years, with remote work becoming the new norm. While this shift has brought about numerous advantages, it has also introduced a set of challenges for Human Resources (HR) departments, particularly when it comes to hiring new employees remotely, protecting themselves from candidate fraud and occupational fraud.
This white paper explores some of the key challenges faced by HR professionals in the remote hiring process, navigates trough the evolution of KYC (Know-Your-Customer) and KYB (Know-Your-Business), culminating in the significance, benefits, challenges, and future implications of KYE preventing candidate and occupational fraud by utilizing online identification.