How much can a fake job cost you? Well, it just cost Binance $6.3bn.
A fake job just cost Binance $6.3bn. Companies use AI, ATS and references to weed out fake candidates. But who's checking the companies?
How much can a fake job cost you? Well, it just cost Binance $6.3bn.
According to the BBC, one of their engineers was approached on a legitimate job platform, interviewed by a fake company and asked to download an “assignment” in round two. This turned out to be malware, which then went on to reach two more engineers’ laptops, and then the crypto wallets.
Companies use AI, ATS and Reference to weed out fake candidates. But who’s checking the companies?
Think about it, where else would you download files and or do work for complete strangers? Yet this is completely normal when looking for a job, because it’s expected if you actually want the job.
Our take is to provide:
✅ A verification mark for companies checked against a number of sources
✅ Anonymous candidate profiles, so scammers can’t pick out and target someone by name
✅ Video interview infrastructure that makes it harder for AI bots to pass as real people
✅ Support for candidates to help them identify fraudulent assignments and Companies
✅ A reporting mechanism to block and review fraudulent companies
Have you ever been a victim of a job scam? How did you realise? What did you do about it?
#Cybersecurity #JobScams #Hiring #Recruitment #AI
First posted on LinkedIn.
