Published on Monday, July 1, 2019

Crime agencies ask trade to share details of fraud

Fraud prevention agencies have combined forces to study the extent of the issue in the travel industry and are asking the trade to help with research.

Prevention of Fraud in Travel (PROFiT), Fraud Intelligence Network (FIN), City of London Police and National Fraud Intelligence Bureau (NFIB) are carrying out a case study on payment fraud.

The case study will analyse how payment fraud affects the UK travel industy, highlighting common threats and establishing best practice to prevent it happening.

The results will be used to identify current payment fraud threats and measures that can be taken to reduce the risks.

All data provided in the case study will be uploaded and analysed via FIN, which is an expert in processing and analysis of fraud data.

The FIN system currently holds large volumes of fraudulent data and is used by many organisations in the travel industry including: ABTA, Advantage Travel Partnership, Hays Travel, the Travel Network, Freedom Travel Group, AITO and the CAA.

Anyone who wants to take part in the research is asked to provide data they hold relating to chargebacks, rejected bookings and suspicious activity.

Upon completion of the case study participants will be granted free access to the FIN system for seven days.

Data must be provided by July 22 2019 to be included in the case study. To take part, get in touch with PROFiT via the 'contact us' tab on the company website.


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