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Data shows ‘significant’ jump in travel-related fraud

Technology
Will Payne
26 May 2022

There has been a "significant jump" in travel-related fraud, according to recent data from consultancy firm RSM.

SEPTEMBER

At least two TTNG members have been scammed in recent weeks, the consortium said (Credit: iStock)

The findings showed a 120% increase in fraud activity from consumers in regards to holidays, which RSM claimed was a result of an increase in demand for holidays.

Despite a significant increase in risk, the number of businesses that think they are likely to fall victim has fallen. According to RSM’s The Real Economy report, more than a quarter (27%) of middle-market businesses, including those in the travel industry, have experienced a cyber-attack in the past year, up from one in five (20%) last year.