Detecting Fraud in the Online Travel Industry
The global air travel industry earns over $850 billion annually, with approximately 25% of that business transacted online. With so much capital at stake, the industry is a ripe target for fraud rings, and the need for travel fraud detection becomes vital. In this study, we measured travel industry fraud attack rates across a range of risk signals.
Target 600+ unique fraud schemes and attack vectors, including the most frequent travel fraud threats:
- Payments Fraud
- Account takeover
- Account Creation fraud
- Credit card and payments fraud
- Loyalty and rewards fraud
- Omnichannel fraud
- Insider Threats