Is social engineering damaging your contact center?

By João Safara
0 min read

Due to the pandemic, 2020 has been the year where many organizations have transitioned to a work-from-home (WFH) model to ensure employee safety. In addition, businesses worldwide have experienced drastic fluctuations in customer demand, as COVID-19 brought uncertainty to a lot of industries. In some cases, organizations saw themselves dealing with more calls while transitioning to a WFH practice.
This rise of at-home agents, coupled with an increase in new contact center agents, has raised concerns over information security. Some agents working from home are using personal, unsecured networks and new agents may not be aware of security procedures. As a result, the severity of data breaches worries businesses more than ever.
According to research by La Salle University in Pennsylvania, in 2013 the average call center had one fraud call for every 2,900 calls received. Fast forward to 2017, the rate of fraud calls received increased 45% to one in every 2,000 calls. CCW further supports these findings, reporting contact center fraud grows annually by 17%.
51% of financial services companies have identified the call center as the target vector of choice for account takeover attacks due to the common authentication practice of using personal information. This is primarily due to the contact center space using account authentication based on personal information. By their nature, contact centers aim at keeping the customer engaged and satisfied at all times, which sometimes can cause dangerous breaches along the way.