A London-based operator specialising in holidays to the Middle East and Indian Ocean has ceased trading. A message on Elegant Travels’ website blamed credit card fraud for its collapse. The company, based in Barnet, also traded under the names Airchoice, Glen Carriers Travel and Travel Sri Lanka. It owned the websites elegantdubai.co.uk, elegantmaldives.co.uk, eleganttravels.co.uk, glencarrierstravel.co.uk, […]
Month: July 2016
Airline warns public about online scam
AirAsia has warned the public not to be taken in by an online survey promising free flights. The Malaysia-based airline issued a statement saying the survey, which has been circulating through social media channels, is a hoax. Along with completing the survey, users are asked to share the link on social media to claim a […]
Russian Cybercriminal Gets Prison For StubHub Scam
Law360, New York (July 6, 2016, 9:17 PM ET) — A Russian national accused of masterminding an international cybercrime scheme on Wednesday was sentenced to four to 12 years in prison for ripping off personal data from users of online ticket marketplace StubHub, which was used to resell tickets to sporting events, Broadway shows and […]
Identity fraud up by 57% as thieves ‘hunt’ on social media
The number of victims of identity theft rose by 57% last year, figures from fraud prevention service Cifas suggest. The data, taken from 261 companies in the UK, suggests fraudsters are increasingly getting people’s personal information from social media sites. Cifas said Facebook, Twitter and LinkedIn had become a “hunting ground” for identity thieves. It […]
Fraud victims outside London have ‘little chance’ of police help
Fraud victims outside London whose cases are reported to the police have “little chance of any kind of investigation”, an an authoritative study has found. In a damning assessment the Fraud Advisory Panel said yesterday that Britain’s anti-fraud and cyber-crime measures were “under resourced” and suffered from “widespread ignorance of threats and [an] uncoordinated approach”. […]
How Operators Can Mitigate Digital Payment Risks
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 […]
Identity fraud up by 57%
The number of victims of identity theft rose by 57% last year, figures from fraud prevention service Cifas suggest. The data, taken from 261 companies in the UK, suggests fraudsters are increasingly getting people’s personal information from social media sites. Cifas said Facebook, Twitter and LinkedIn had become a “hunting ground” for identity thieves. It […]
Global Action Against Airline Fraud Detains 140
An international law enforcement operation targeting airline fraudsters has resulted in the detention and investigation of 140 individuals found in possession of tickets bought using stolen or fake credit card details. The two-day operation conducted June 15-16 was organized globally through coordination centers at Europol in The Hague, INTERPOL Singapore and Ameripol in Bogota, with […]
1 in 10 are victims of online credit card fraud in UAE
Dubai: Around one in 10 residents in the UAE has been a victim of online credit card fraud, with some saying their card details had been stolen and used for wrong purchases, a new survey has found. The Department of Economic Development (DED) in Dubai, in collaboration with global payments technology company Visa, revealed the […]
Buying into fraud
The cost of fraud is far higher than previous estimates, and procurement accounts for most of this. With cuts to internal audit and procurement teams focused on savings, local authorities need all the help they can get. David Cameron’s hosting of the world’s first anti-corruption summit in May certainly sent out a message that fraud […]