Fraud risky business for travel firms as IT complexity increases

- Oct 17, 2012 10:20 am

Skift Take

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.

— Dennis Schaal

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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.