BFSI, e-com, staffing sectors most vulnerable to employment fraud: Study

Banking, financial services, insurance, ecommerce, and staffing sectors were most susceptible to employment frauds with 8 per cent of the employees failing background verification checks according to a report by identity security platform IDfy.

The report titled ‘Background Verification Insights by IDfy’ analysed 2.5 million background verifications from the past year across multiple industries, and in areas like criminal, qualification, address, and experience verifications.