Month: June 2015

Global action against online air ticket fraudsters

On 16 and 17 June an international law enforcement operation against airline fraudsters took place at 140 airports across the world, resulting in the detention and investigation of 130 individuals that were found in possession of airline tickets bought using stolen credit card details. According to statistics the most rapid increase in fraudulent transactions on […]

25% Jump in Cross-Border Fraud on UK Debit Cards in 2014

The percentage of fraudulent transactions occurring outside the UK in 2014 on UK debit cards rose 25 percent in a massive sample of cards studied by analytic software firm FICO. Fraudulent cross-border transactions accounted for nearly a third (31 percent) of all fraudulent transactions on 52 million active UK debit cards studied by FICO, up […]

Visa Amends Rules to Help Airline Industry

Visa Inc. announced at a recent meeting of the Airlines Reporting Corporation (ARC)-sponsored Credit Card Working Group (CCWG) that effective October 2015 it will accept airline-supplied flight manifests as a remedy for fraud payment card chargebacks. This remedy represents an opportunity for the airline industry to recoup millions of dollars lost each year in “friendly […]

Outrageous travel insurance fraud

Travel insurance fraudsters are becoming ever more cunning, say investigators, who reveal some of the more outlandish claims they have uncovered. Travel insurance fraudsters are becoming more devious, according to a team of investigators who have uncovered fraud ranging from fake malaria claims to someone who lied about being kidnapped at gunpoint while in Venezuela. […]