44% rise in employment verification discrepancies from FY2021 to FY2024, with telecom, pharma, and BFSI sectors showing significant increases.

A report by AuthBridge reveals a 44% rise in employment verification discrepancies from FY2021 to FY2024. The telecom sector saw an 18.2% increase, while the pharma sector experienced a 50% rise. The BFSI sector's discrepancies rose by 10.4%. The gig economy presents a 12.5% discrepancy rate amid growing remote work challenges. The report emphasizes the need for advanced verification technologies, including AI, to combat credential falsification effectively.

October 08, 2024
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