Tackling hiring fraud risks as the Philippine job market expands (minadanaotimes)

Mindanao Times September 29, 2025

THE PHILIPPINE job market is in a period of optimism. According to Jobstreet’s 
Hiring, Compensation, and Benefits Report 2025
, 44% of hirers and HR professionals expect higher job market activity in the second half of 2025 compared to 2024—signaling employer confidence and plans to expand their teams.

For businesses, the increase in hiring points to stronger demand and growth opportunities—with new roles to fill, markets to explore, and a workforce ready to contribute. However, with rapid hiring comes greater risk. When companies give less attention to applicant screening, it increases the chances of fraudulent applications slipping through the hiring process.

These risks are far from rare. A 
global study
 by the Association of Certified Fraud Examiners (ACFE) shows that organizations lose an estimated 5% of annual revenue to fraud. In a fast-moving labor market like the Philippines, losses like these increase costs and disrupt daily operations.

...

Read more: Manila Times

NEWS

Trusted data becomes critical infrastructure for businesses navigating uncertainty [BW Online] | BusinessWorld

INSIGHTS

Philippines risks losing over P603 billion a year to digital fraud | Manila Standard

NEWS

Digital fraud costs Filipinos ₱603B; only few file cases | Andrea E. San Juan [ Business Mirror ]

NEWS

Philippines risks losing P603 billion yearly to digital fraud – report | Keisha Ta-Asan [ The Philippine Star Global ]

NEWS

Fraudsters see the whole picture, banks don’t — and that’s the problem | Komfie Manalo [ NewsCentral Media ]

NEWS

CIBI wins ACES recognition as trusted data opens doors for more Filipinos | Mary Sy [ The Chronicle ]

NEWS

CIBI earns recognition at ACES Awards 2026 for advancing trusted data and financial inclusion | MS Spotlight [ Manila Standard ]