Airlines Facing New Cyberfraud

Any airline, or any company, for that matter, that hasn’t upgraded their fraud-protection system in the last couple of years is an open book of credit cards and financial information to hackers and thieves. Credit card abuse, where a thief enters a stolen card number on a web site, is the primary source of online fraud. A new type of online fraud specifically targets airlines – a thief hacks into a frequent flier account (which we generally protect with weak passwords) and books a ticket for an unsuspecting second victim (you and your miles being the first), who pays cash for the ticket resold to them by the thief. When you catch on, you go after the victim, not the thief, who is long gone.

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Posted in Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Airline Fraud, Airlines, credit card fraud, Cyberfraud, Frequent Flyer, identity theft expert, Identity Theft Prevention, John Sileo, Mileage Fraud, Mileage Points, Speaker