Job Applicant Fraud Is Rising. This Startup Is Using AI To Stop It [Forbes]
First Advantage Corporation (FA)
Company Research
Source: Forbes
Today's job market is filled with AI no matter where you look. Applicants are using it to bypass applicant tracking system (ATS) software in hopes of getting their résumés read by a human. Hiring managers are using it to read through the hundreds, if not thousands, of applications they're receiving per opening. Fraudsters are taking advantage of it. One Toronto-based startup, Tofu, is hoping to stop that, using AI to verify applicants' identity with the metadata behind their publicly available social media profiles. The two-year-old company pivoted last September from a talent marketplace to use machine learning to cross-reference the age of social accounts, posting and liking activity and even the number of LinkedIn connections. Today, Tofu announced that they'll be running applicant fraud detection for Gem, an ATS and AI-powered hiring platform, helping companies recruit candidates from sourcing to application and hire. They've also announced the close of their $5 million seed
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News
- Revisiting First Advantage (FA) Valuation After a Quiet 10% Share Price Rebound [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Avoid FA and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Can First Advantage (FA) Climb 26.12% to Reach the Level Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
- First Advantage (NYSE:FA) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- FA Q3 Deep Dive: Integration Progress and Digital Identity Fuel Growth Amid Flat Hiring [Yahoo! Finance]Yahoo! Finance
FA
Earnings
- 11/6/25 - Beat
FA
Analyst Actions
- 11/7/25 - JP Morgan
FA
Sec Filings
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- 11/17/25 - Form 144
- FA's page on the SEC website