zero fraud tolerance of hr documents
TRANSCRIPT
ZERO Fraud Tolerance of HR Documents
Pitney Bowes launches pbSecureTM
An innovative technology helping organizations overcome the menace of Forged HR documents
Imagine hiring an individual with
impeccable credentials, only to find out that
he or she had actually presented forged
documents, that too months after being on
the job. Such people are a threat to any
organization. More often than not, they are
able to get away scot free due to the
inefficacy of our judicial system.
According to BGV industry trends,
employment related discrepancies are the
highest in the country and account for 65%
- 70% of total screening discrepancies.
There have been several examples in recent
months of how a company's brand is
impacted because of a discrepancy in the
information provided by an employee, all
the way up to the CXO level. This increases
the burden for both the relieving and hiring
organizations to be diligent about
employment record verification.
A recent report by Economic Times quoted
a leading IT services organization saying
that 1 in every 5 resumes they receive has
some forged information.
WIPRO & FADV Already using it
NOW!
At Pitney Bowes, innovation is a part of our
everyday lives. The organization was quick
to realize the unfulfilled need in the
industry with regards to fake documents
floating around and verifiers not being able
to distinguish between originals and well
reproduced fakes. The average time taken
to verify educational credentials today for
any organization ranges between 1.5 to 3
months.
Without proper verification, forged
degrees, identity cards, resumes, financial
records and other falsified information can
pass through your organization, putting
your business and reputation at risk.
Pitney Bowes’ pbSecureTM is a highly
advanced technological platform that has
been developed in India to counter the
menace of fake certificates / credentials.
As an evidencing solution, pbSecure™ helps
issuers secure information at the point of
origin, while reducing the effort and time
required for evidence verification at any
point thereafter.
While the technology for securing
information and making it verifiable as well
as tamper evident has been with Pitney
Bowes since decades and is extensively
used in their Franking Machines to collect
Billions of dollars of revenue for
governments across the globe; Pitney
Bowes has actually gone two steps forward
to find alternative applications for this
technology and has adapted very well to
the unique needs of the Indian market.
Unlike other fraud-prevention solutions
available in the market that focus on ‘paper’
security through the use of holograms,
special inks and microprints, pbSecure™
focuses on securing the ‘information’ on the
document or product.
For example, in the case of HR documents,
this ‘information’ could be the employees
date of joining, CTC, designation or any
other information prone to change.
pbSecure™ scans, processes and secures
the ‘information’ at the point of origin and
makes the document tamper proof. This
information security is accomplished by
using pbSecureTM patented hardware
security modules, layered on with a flexible
software platform
which is highly
customizable to
customer’s needs.
Documents once secured through pbSecure
are rendered tamper evident and can be
verified instantly. With each organization
having different relieving letter and
appointment letter formats, it’s virtually
impossible to look at a copy and tell
whether it is genuine.
However, once Organizations adopt
pbSecure for issuance, employees can
present true copies wherever necessary and
benefit from instant verification.
Documents and data secured by pbSecure™
can be verified for authenticity in an offline
mode – a unique feature that allows our
customers to keep their data private. Online
verification is also available. This
verification process allows companies to
lower costs and save time by eliminating
manual verification, and at the same time,
improve process controls and risk
management by monitoring document
creation.
Developed with technology that has been
advanced and perfected over 90 years,
pbSecure™ is a system that can be applied
across different industries to prevent
fraudulent cases. Coupled with Pitney
Bowes’s team of experienced and dedicated
professionals, customers are assured a
customizable system perfectly tailored for
their companies’ needs.
More details regarding pbSecure are
available at http://growthmarkets.pb.com