A Forbes magazine report stated that travel fraud – including identity theft, bank fraud and credit card fraud – is on the rise as technology advances and technologies such as artificial intelligence emerge that are being used to develop more sophisticated attacks.
According to the magazine, there has been a significant increase in travel-related fraud – as reported by the Identity Theft Resource Center (ITRC) – which highlights the need to take measures to protect personal and financial data.
1- How are fraud operations carried out?
According to a Forbes report:
- Fraudsters are increasingly relying on artificial intelligence to develop phishing emails and fake booking links that look more convincing.
- Scammers use fake emails to convince victims to provide sensitive personal information under the guise of fake booking links.
2- What is required to be taken?
- Forbes – citing America’s Identity Theft Resource Center (a non-profit organization) – reported that using only official travel websites and dealing directly with trusted companies can reduce the risk of falling into these traps.
- You should pay attention to “warning signs” such as offers that seem too perfect.
- The importance of taking quick steps when identity theft is suspected to reduce the damage.
- Examining individuals’ credit reports to detect any suspicious activity. This type of report displays the credit status of customers who obtain bank financing.
- If suspicious accounts or transactions are detected, it is recommended to place a fraud alert or credit freeze, which prevents new accounts from being opened in the name of the fraudulent person.
- It is recommended to monitor bank accounts and credit cards daily and report any suspicious activity immediately.
3- Strengthening electronic protection
To enhance electronic protection:
- Caution is the best defense against fraud, so it is advised not to click on suspicious links or provide sensitive information to unknown parties.
- Tools provided by financial institutions, such as real-time transaction alerts, can help monitor unauthorized activity.
The Forbes report emphasized that the rapid development in electronic fraud techniques requires constant vigilance from consumers, advising against sharing information except with trusted parties and warning against dealing with any unreliable electronic communication.
