Defending Customer Experience in a Digitally Connected World
Customer Experience In today’s hyper-connected digital world — across both personal and professional spaces — online fraud and data breaches have escalated into major business threats. As the frequency and sophistication of these attacks grow, so does their cost. According to projections, cybercrime will cost the global economy $10.5 trillion annually by 2025 , increasing at a staggering rate of 15% per year. Fraud no longer lurks only in obscure corners of the web. It has infiltrated everyday customer touchpoints — contact centers, chat platforms, mobile apps, and digital service portals. Technologies designed to enhance customer satisfaction have been weaponized, turning service channels into prime targets for malicious activity. As this threat evolves, so must our understanding of fraud detection — what it is, how it works, and what solutions are available to counter it. The Customer Service Fraud Paradox Modern customer service faces a critical paradox: the ...