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Travel firms need to follow best practices in their vigilance against fraud. Phishing practices in the vacation rental industry, for example, are getting out of hand.

Fraud affected half of travel, leisure and transportation businesses in the last 12 months, according to a new global study.

Internal financial fraud is one of the most widespread facing the sector, with more than one in five businesses (22%) falling victim to it in the past year.

Regulatory or compliance breach is also a problem, with 16% of companies reporting incidents of this type.

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Tags: fraud

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