Combat Financial Scams with Rigorous Employee Background Verification by Tasdeeq

E-banking has experienced remarkable growth in Pakistan, as reported by the State Bank of Pakistan (SBP). Between 2016 and 2019, the volume and value of e-banking transactions increased by an impressive 112% and 152%, respectively. During this period, the number of e-banking users surged by 71%, climbing from 24 million to 42 million. However, with this growth came a significant rise in banking-related complaints. In 2021, the Banking Mohtasib received 33,196 complaints related to general and fraud issues, and in 2022, this number reached 30,494. Notably, fraud-specific complaints escalated from 467 in 2021 to 1,392 in 2022.

The Growing Threat of Financial Scams

These statistics underscore the rising threat of financial scams and insider-assisted frauds. Consider the recent case of Haseeb, a 19-year-old college student. While preparing for an exam, Haseeb received a call from someone claiming to be a bank employee. Trusting the caller, Haseeb shared his banking details, including his ATM PIN. Within minutes, he became a victim of a series of fraudulent transactions, losing a significant sum of Rs. 60,000.

Cases like Haseeb’s highlight the vulnerabilities within banking systems, where even petty criminals and, in some instances, bank employees, exploit weak verification processes. This situation emphasizes the urgent need for stringent employee screening measures.

Tasdeeq: Your Shield Against Financial Fraud

Tasdeeq recognizes the critical need for comprehensive employee screening in today’s environment. Our services go beyond standard checks, offering meticulous verifications to ensure that your employees are credible and trustworthy. We conduct thorough background assessments, including education verification, employment history, criminal record checks, and financial probity reviews.

In Pakistan, the absence of stringent data protection laws has left businesses vulnerable to exploitation. Tasdeeq provides a solution by ensuring that your business hires individuals with clean records, thereby mitigating the risk of internal fraud and financial scams.

Empowering Businesses Through Awareness

Knowledge is a powerful tool in the fight against financial fraud. Tasdeeq advocates for awareness, emphasizing the pivotal role of employee background verification. We empower businesses to make informed hiring decisions, strengthening their defenses against financial fraud and insider threats.

Why Choose Tasdeeq?

As Pakistan’s leading background verification company, Tasdeeq is committed to securing your business. Together, we can combat the growing challenges of cybersecurity and financial fraud by ensuring your workforce is thoroughly vetted and trustworthy.

Conclusion: Secure Your Business with Tasdeeq

Protect your business, secure your assets, and prevent financial scams by trusting Tasdeeq for comprehensive employee background verification.

References – https://www.dawn.com/news/1764628