By Mark Dawes
More than 11 million people travel by air every day. The vast size and velocity of this global market makes it ripe for fraud, which is estimated at about US$1 billion per year, according to the International Air Transport Association. But as they say with the stock market, past performance is no guarantee of future results. Your airline can reduce card fraud with the right approach and tools.
There are actions your company’s fraud team can do right now to reduce financial and operational damage from fraudsters. Here are the top five tactics used by fraudsters and scammers against airlines. Each description includes tips for reducing that type of fraud.
Read the full story here.