In view to bring in awareness, mFilterIt, a global fraud detection and prevention company, has released its study of top frauds that are happening in travel industry and how travellers should be aware to avoid these online fraudulent activities.
With the offset of the pandemic, in last few months online travel bookings have seen a huge upsurge with majority of the travellers planning their trips beforehand for summer travel and the foreign countries as international travel resumed to normal for many nations. This has ultimately led to massive transactions across digital travel and tourism platforms, which also increases the risk of customers being duped online in travel related frauds, hampering the travellers experience and ruining their holidays.
According to a TransUnion, the percentage of suspected digital fraud attempts against the travel and leisure industry increased 68.4% around the globe. These frauds can happen in multiple forms where the customer is scammed in various ways. In India as well, same trends are being witnessed.
mFilterIt identified the key fraud categories in travel and tourism sector.
Chargeback Frauds & Fake/Stolen Credit Cards:
A fraud attack typically begins with obtaining consumer’s credit card numbers and identifying information. Airline’s earnings can be decimated as a result of bonus/loyalty abuse and bookings made…
