Know Your Employee (KYE)

Q5id proves and verifies potential candidates during the pre-employment process. Be certain you know who you are hiring.

Fraudulent hires gain access to customers’ personal identifiable information (PII), financial data, corporate IT databases, and/or proprietary information which exposes a company to financial and reputational risks. Protect your business, employees, customers, and reputation by proving who your potential employees are before you hire them.

In 2021, over 5,000 data breaches exposed tens of billions of records.

Companies spend $150 billion annually to fight fraud, yet 24% of companies experienced Account Take Overs (ATO) in 2021. Negative impacts go beyond financial losses, security, and legal expenses. Companies can also face:

  • Intellectual property (IP) theft and loss of trade secrets
  • Downtime for customers and employees
  • Irreparable damage to company brand and reputation
  • Customer attrition and negative customer experience
  • Company closure

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Protect your business, employees, customers, and reputation by proving who your potential employees are before you hire them. Fraudulent hires gain access to customers’ personal identifiable information (PII), financial data, corporate IT databases, and/or proprietary information which exposes a company to financial and reputational risks.

Our multi-step solution supplements your background check process by incorporating our verification and authentication solution. This includes biometrics which provides your company with an identity proofing solution that delivers the highest level of assurance that each person is who they say they are with a false acceptance rate of 1 in 933 billion.

This doesn’t replace background checks. It compliments them.

In 2022, the FBI warned of job applicants using fraudulent methods to apply for remote positions, gaining access to confidential corporate information.

With the increase in remote and work-from-home positions, there is also a corresponding increase in the need to verify who you are hiring. The FBI has issued multiple warnings in the past two years on the growing sophistication of fraudulently obtaining positions in companies due to the wealth of information that becomes available to an employee. This information can include customers’ Personally Identifiable Information (PII), financial data, corporate IT databases and trade secrets and/or proprietary information.

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There are three primary methods being used to obtain a position fraudulently:

  • Stolen identities: Most commonly the theft and use of another person’s name or Social Security number (SSN) other than their own to obtain a position.
  • Use of deepfakes: A deepfake uses AI and machine learning to manipulate visual or audio content for the purpose of deception. Most commonly, this is a video of a person in which their face or body has been digitally altered so that they appear to be someone else.
  • Two common types of synthetics are: a corporate persona or an emulation of an existing employee is created, and use of various personally identifiable information from one or more real people that is combined to create a new, synthetic persona.

The technology behind how Q5id combats identity fraud.

Our patented Proven Identity solution leverages multiple biometrics, AI, liveness testing, and our unique IP. Our solution can detect deepfake spoofing, use of synthetics, and even the use of general ID theft, preventing the user from obtaining a verified proven identity. Without this proven identity, your applicant would not be able to proceed in your hiring process.

New hires can easily gain access to intellectual property, corporate secrets, and customer information.

A background check is NOT enough to protect your company from fraud. A key component of current background checks is to use legally acceptable IDs. But this standard method does not prove and verify a potential candidate’s identity. It only proves the provided ID is valid.

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The FBI has issued two public announcements since 2021 warning of potential job applicants using a variety of methods to falsify their identity to obtain work positions, especially remote ones. Once hired, these false hires gain access to a company’s network and confidential information.

Q5id solves the issue of a false hire by proving your potential candidate is who they say they are. Using biometrics as part of our patented solution, we offer you a positive identity proving rate of 1 in 933 billion that the person on the provided ID is the person who you are communicating with.

Prove your new hires today with KYE by Q5id

We offer multiple packages to fit organizations of all sizes. Individual Proven Identities are priced at just $14.99 each with no contract. Our monthly plans go as low as $7.20 per Proven Identity. Sign up today and get your first three for free!

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Companies can minimize the impact of the high cost of occupational fraud during the hiring process by proving who each new hire is during the pre-employment process, not just by verifying the ID of a new hire and running a background check.

Our patented multi-step process incorporates verification measures that provides an identity proofing solution. We prove that each person IS who they say they are. This doesn’t replace background checks. It compliments them.