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Agents' concern over fraudulent bookings increases in 2023

Technology
Will Payne
24 February 2023

Agents are more concerned about fraud in 2023 than they were in 2019, according to new data.

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Hays COO Jonathon Woodall-Johnston said the system will prevent chargebacks by doing all address checking at the point of sale

A recent poll carried out by TTG found agents are more concerned about fraudulent bookings this year than they were pre-pandemic. 

Nearly 74% of respondents said they were more worried about bogus business in 2023, with only 18% saying fraud was not a greater concern for them compared with 2019. Around 8% of respondents were unsure. 

The study was made up of 50% high street agents, 45% homeworkers, 3% call centre agents and 2% online agents. 

Despite there being more concern amongst agents, only 23% had been affected by a fraudulent booking – to the best of their knowledge – in the past three months.