Data security should be a top priority when choosing a cloud contact center solution for your business. Experts predict the total cost of cybercrime will reach $8 trillion this year.1 And considering 77% of consumers are willing to provide personal information for a better service experience,2 ensuring your contact center has the tools needed to keep this data safe is critical.
Cloud contact centers offer businesses many advantages, including increased scalability, cost savings, customer satisfaction, and flexibility. However, with the convenience of cloud technology comes new security and compliance challenges to consider.
In this blog, we discuss compliance and data security considerations when choosing a solution, top cloud contact center best practices for security, and how to find the right cloud provider.
Regulatory Compliance for Cloud Contact Centers
Cloud contact centers must meet several regulatory compliance requirements that aim to maintain the privacy and security of customer data. Failure to comply with regulations can result in severe consequences for your business, such as:
- Fines and Penalties – Governing bodies can impose significant fines and penalties on cloud contact centers that fail to comply with regulations. Depending on the severity of the violation, fines can cost anywhere from thousands to millions of dollars.
- Legal Action – Contact centers that violate regulations may face legal action from regulators, customers, or other affected parties. This can result in costly litigation, damages, and reputational damage.
- Loss of Customer Trust – Non-compliance can erode customer trust and damage a contact center’s reputation. Customers may be less likely to do business with a company that has a history of non-compliance, which can harm the bottom line.
- Operational Disruption – Disruption to a cloud contact center’s operations, such as temporary shutdowns or operational restrictions, may occur as a result of non-compliance. This can impact the company’s ability to provide services to customers, resulting in lost revenue and customer trust.
[inline graphic: 77% of consumers believe providing personal information will result in better service.]