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Today’s technology has opened a door to allow enterprises to advance the way customers can open more worlds safely and privately with just their voice. You simply have to make sure that you are ‘letting the right one in.’
Private information is no longer private due to data breaches. Bad actors are outperforming genuine customers at answering security questions.
Organized crime rings have now set up storefronts on the dark web and have become sophisticated vendors selling data complete with return policies.
Fraud target dossier compilation remains an attractive tool for fraud rings to use due to the past decade of security breaches and the lack of security and technology updates in most modern contact centers.
Customers prefer more advanced authentication methods. Now that the ability to effectively use knowledge-based questions is gone, it might be a good time to change the locks.
authentication questions (KBAs), according to this year's report.