In 2015, according to the Kroll Global Fraud report many travel and tourism businesses were victim to fraud. The dangers are real, and their effects are costly (in fact, according to The Nilson Report, global card fraud damages are over $16 billion, annually).
The fraudsters are sophisticated, and they change their schemes often. Travel industry merchants, both large corporations and smaller establishments, must take precautionary measures to protect themselves and their customers.
Travel industry businesses all over the world would be wise to follow these eight tips to mitigate the risks:
1.