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Credit card fraudsters ‘targeting holiday industry’
Wednesday, February 25th, 2009The introduction of chip and pin technology has pushed fraudsters to use the ‘card not present’ method to carry out illegal transactions, it has been noted.
Frances Tuke, a spokesperson for ABTA - The Travel Association, noted that this process - where fraudsters pose as customers and use fake identities - is often used to book holidays.
The thieves can also pose as employees, she revealed, calling up customers to obtain bank details from them.
"Although we’re always vigilant and we always try and stay one step ahead, we can’t say it will never happen again … we are trying to do as much as we can," commented Ms Tuke.
ABTA has joined forces with the Metropolitan Police to launch PROFiT (Prevent Fraud in Travel), a scheme aimed at tackling this type of fraud within the travel industry.
Over £10 million is stolen by criminals in this manner each year, the organisation revealed.
By Jamie Price
