Know Employee (KYE)

Know Your Employee (KYE)

Seamless Verification for a Robust Chain of Trust:
Ensuring Integrity from Onboarding to Daily Operations for Employees, and Secure Access to Sensitive Information

At Incode, we recognize the imperative of establishing a robust “Chain of Trust” within your organization, ensuring the authenticity of your employees while promoting adherence to best practices concerning sensitive data handling.

TRADITIONAL
METHODS

INCODE’S KYE
SOLUTION

COST AND TIME EFFICIENCY

SECURITY

COUNTERACTING THREATS

COST AND TIME EFFICIENCY

TRADITIONAL METHODS

INCODE’S KYE SOLUTION

SECURITY

TRADITIONAL METHODS

INCODE’S KYE SOLUTION

COUNTERACTING THREATS

TRADITIONAL METHODS

INCODE’S KYE SOLUTION

Incode’s KYE solution seamlessly integrates AI-driven identity verification techniques into your hiring and authentication processes. This mitigates common issues such as password sharing, unauthorized credential use, misinformation during hiring, risks in password resets, and susceptibility to social engineering attacks, fostering a culture of trust, efficiency, and reliability from the get-go.

Trust and Security

Securely verify the identity of job applicants, employees, and contractors, fostering a trustworthy environment.

High-Risk Action Verification

Significantly reduce risks and streamline critical actions such as password resets with selfie/ID verification.

Eliminate Password Hassles

Experience streamlined log-ins with fast and reliable biometric (selfie) authentication.

KEY POINTS	STATISTICS AND INFORMATION	SOURCE
COST OF DATA BREACHES	The global average cost of a data breach in 2023 was USD 4.45 million, a 15% increase over 3 years. Cost per compromised record is on average $164.	IBM Cost of a Data Breach Report 2023
COST OF DATA BREACHES	The average savings for organizations that use security AI and automation extensively is USD 1.76 million.	IBM Cost of a Data Breach Report 2023.

KEY POINTS	STATISTICS AND INFORMATION	SOURCE
FREQUENCY AND COST OF SOCIAL ENGINEERING	Up to 90% of malicious data breaches involve social engineering.	KnowBe4
	In 2022, approximately 84% of organizations in the United States fell victim to at least one email phishing attack.	Proof Point
	Social engineering attacks are costly, even if they don’t lead to broader data breaches. On average, companies lose $130,000 through money theft or destroyed data.	Security Info Watch

KEY POINTS	STATISTICS AND INFORMATION	SOURCE
IDENTITY FRAUD CONCERNS	Almost 46% of companies experienced some form of identity fraud within the last 24 months.	PwC’s Global Economic Crime and Fraud Survey 2022

KEY POINTS	STATISTICS AND INFORMATION	SOURCE
IMPACT ON CUSTOMER TRUST	74% of consumers become less likely to trust a company after a data breach, with 36% of customers stating they would lose trust in doing business with a breached brand altogether.	Volta Data Centers

KEY POINTS	STATISTICS AND INFORMATION	SOURCE
IMPACT ON CUSTOMER TRUST	80% of data breaches are due to password compromise.	Verizon Data Breach Index Report

Work Eligibility Verification and Employee Onboarding

Embark on a hiring journey with confidence. With 35% of businesses facing fraudulent credential issues, Incode’s KYE solutions simplify real-world identity and work eligibility verification.

THE HIRING
CHALLENGE

MISREPRESENTATION:

35% of businesses face fraudulent credentials issues during hiring, like fake degrees or false job experiences.

Delays:

Manual verifications can extend onboarding by 5-7 business days, impacting productivity.

Privacy Risks:

35% of businesses face fraudulent credentials issues during hiring, like fake degrees or false job experiences.

SOLUTION

Verified Onboarding:

mbark on a hiring journey with certainty by verifying real-world identity and work eligibility.

Swift Processing:

Streamline verifications to accelerate the onboarding process, ensuring a faster transition to productivity.

Privacy-Centric:

Mitigate risks and adhere to legal standards without compromising sensitive information.

Benefit Highlights

Secure data handling

Reduced onboarding time

Reliable verification

IMPACT

35% Reduction in fraudulent hiring cases

5-7 Days saved in the onboarding process

THE HIRING
CHALLENGE

MISREPRESENTATION

35% of businesses face fraudulent credentials issues during hiring, like fake degrees or false job experiences.

Delays

Manual verifications can extend onboarding by 5-7 business days, impacting productivity.

Privacy Risks

35% of businesses face fraudulent credentials issues during hiring, like fake degrees or false job experiences.

SOLUTION

Verified Onboarding

Embark on a hiring journey with certainty by verifying real-world identity and work eligibility.

Swift Processing

Streamline verifications to accelerate the onboarding process, ensuring a faster transition to productivity.

Privacy-Centric

Mitigate risks and adhere to legal standards without compromising sensitive information.

Benefit Highlights

Secure data handling

Reduced onboarding time

Reliable verification

IMPACT

35% Reduction in fraudulent hiring cases

5-7 Days saved in the onboarding process

Enhanced Authentication for Critical Account Management Activities

Overview

With the rise of social engineering attacks by 20% over the past year, safeguarding account management protocols is paramount. Our selfie and/or ID Verification feature provides a shield, averting the average productivity loss of $400 per employee from delayed recoveries, ensuring secure and effective self-service alternatives.

Challenges

Social
Impersonation Threats

Delayes
Recoveries

Costly
Manual Procedures

The Incode
Solution

Bolster security with selfie/ID verification for high-risk activities.

Streamline account recoveries and password resets.

Impact

Decrease the risk of social engineering attacks by up to 20%

Save $400 per employee by averting delayed recoveries.

Continuous Verification and Face Logins

Transition into a password-less era with Incode’s KYE, ensuring swift access and genuine identity verification for employees and contractors through biometric face authentication.

CHALLEGES

Access Barriers

Identity Mismatch

INCODE Solution

Streamlined biometric (selfie) login experience.

Continuous genuine identity verification.

IMPACT

50% reduction in time spent on login-related queries.

Up to 5% savings on total payroll.

RELATED FEATURES

Ensure the integrity of hired contractors with our KYE solutions preventing unauthorized substitutions.

Upholding global data protection standards, ensuring utmost data protection for employees and contractors.

WHY INCODE

Our KYE platform is engineered to deliver an uncompromised level of security and verification in your employee and contractor engagement processes.

With Incode’s KYE, embrace a culture of trust, compliance, and excellence.