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Authentication: Are Your Customers Who They Say They Are?
14

Call Center Authentication: Are Your Customers Who They Say They Are?

Jul 28, 2015

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Page 1: Call Center Authentication: Are Your Customers Who They Say They Are?

Authentication:Are Your Customers Who They Say They

Are?

Page 2: Call Center Authentication: Are Your Customers Who They Say They Are?

How We Authenticate Over The Phone

What’s your mother’s maiden name?

Page 3: Call Center Authentication: Are Your Customers Who They Say They Are?

How We Authenticate Over The Phone

What was your high school mascot?

Page 4: Call Center Authentication: Are Your Customers Who They Say They Are?

How We Authenticate Over The Phone

Who played third base for the Yankees in 1954?

Page 5: Call Center Authentication: Are Your Customers Who They Say They Are?

KBAs are Ineffective

Fraudsters can find the answers to KBAs online, or buy them on the black market.

Page 6: Call Center Authentication: Are Your Customers Who They Say They Are?

KBAs are Ineffective

According to Gartner, 10-20% of legitimate users fail to answer KBA questions correctly.

Page 7: Call Center Authentication: Are Your Customers Who They Say They Are?

The Cost of Authentication

45-90Seconds spent manually verifying callers with KBAs

$0.02Operational cost per second

$0.57Dollars lost for every call into your call center

$6,460,500Average Yearly Authentication Costs for Call Centers Receiving 10,000 Calls Per Day

Page 8: Call Center Authentication: Are Your Customers Who They Say They Are?

Is there a better way to authenticate customers?

Page 9: Call Center Authentication: Are Your Customers Who They Say They Are?

PhoneprintingPindrop analyzes the entire audio spectrum of a

call to identify indicators of attack

Page 10: Call Center Authentication: Are Your Customers Who They Say They Are?

PhoneprintingCalls deemed safe are unlikely to be fraudulent, so call center

reps can streamline regular authentication processes.

Page 11: Call Center Authentication: Are Your Customers Who They Say They Are?

Pindrop In ActionPHONE TRAFFIC

ANI

Audio

Reputation Consortium

Geography

Phone Type

Phoneprint

Voiceprint

Analysis Scoring

Risky

Fraud Analyst

CSR

Fraud Database

Time to Complete: 18 seconds

Notification

API

CaseManager

Page 12: Call Center Authentication: Are Your Customers Who They Say They Are?

Authentication Savings

KBA Authentication Pindrop Authentication

Avg. Verification Time 60 seconds 40 seconds

Operational Cost Per Call $1.20 $0.80

Fraud Cost Per Call $0.57 $0.005

Total Cost Per Call $1.77 $0.86

Reduce Authentication Costs By 52%

Page 13: Call Center Authentication: Are Your Customers Who They Say They Are?

The Pindrop Difference

COLLABORATIVEShare info across

organizations

EVERY CALLFunction in adverse conditions, on all or

most calls

ANOMALY DETECTION

Detect fraud on the first call

TRANSPARENTFast, behind the

scenes

MULTIFACTORExamine multiple aspects of call for

accuracy

Page 14: Call Center Authentication: Are Your Customers Who They Say They Are?

Phone FraudStops Here.