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Cyber Fraud in Travel SKIFT REPORT 2016 1
CYBER FRAUD
IN TRAVEL
by
skift.com
Skift
Insights
Deck
Sponsored by
Cyber Fraud in Travel SKIFT REPORT 2016 2
TABLE OF CONTENTS ABOUT SKIFT
Skift is a travel intelligence
company that offers...
Cyber Fraud in Travel SKIFT REPORT 2016 3
INTRODUCTION
The transition of travel into the digital realm has opened
up new o...
Cyber Fraud in Travel SKIFT REPORT 2016 38
ABOUT SKIFT
Skift is a business information company focused on travel intellige...
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Cyber fraud in travel

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Cyber fraud is estimated to cost the global economy $400 billion a year, with travel’s transition to the digital realm it must deal with new threats and challenges. Breached data such as air miles, loyalty points, and travel website accounts are being sold on the dark web and are now available for anyone to purchase.

Published in: Travel
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Cyber fraud in travel

  1. 1. Cyber Fraud in Travel SKIFT REPORT 2016 1 CYBER FRAUD IN TRAVEL by skift.com Skift Insights Deck Sponsored by
  2. 2. Cyber Fraud in Travel SKIFT REPORT 2016 2 TABLE OF CONTENTS ABOUT SKIFT Skift is a travel intelligence company that offers news, data, and services to professionals in travel and professional travelers, to help them make smart decisions about travel. Skift is the business of travel. Visit skift.com for more. INTRODUCTION DIGITAL FRAUD IN TRAVEL DIRECT IMPACT OF DIGITAL FRAUD TRAVEL COMPANIES: AN IDEAL TARGET FOR CYBER CRIMINALS SECURITY BREACHES IMPACTING TRAVEL POS BREACHES AND HOW TO AVOID THEM OTHER TYPES OF BREACHES THE DARK WEB CYPHERPUNKS AND ONLINE PRIVACY: ORIGINS OF ONLINE PRIVACY WEB VS DEEP WEB VS DARK WEB: THE THREE INTERNET CONTINENTS TOR, THE ONION ROUTER: THE DARK WEB’S GATEKEEPER HOW TOR WORKS WHO USES TOR? THE DARK SIDE OF THE DARK WEB: BEYOND THE PRIVACY ADVOCATING PIONEERS DARK NET MARKETS: THE DIGITAL-ERA AGORA DNM INVENTORY: DNMS BEYOND DRUGS AND WEAPONS CRYPTOCURRENCIES WHAT IS FIAT CURRENCY? EARLY DEVELOPMENTS IN DIGITAL PAYMENTS BITCOIN AND DIGITAL MONIES: THE BIRTH OF A NEW CURRENCY CRYPTOCURRENCIES IN TRAVEL BITCOIN — THE FUEL OF ILLEGAL ACTIVITIES? CUSTOMER LOYALTY FRAUD — THE NEW CREDIT CARD FRAUD LOYALTY POINTS’ WEAKNESS DNM FINDINGS AIRLINES ACCOMMODATIONS GROUND TRANSPORTATION IN-DESTINATION ACTIVITIES PREVENTION MEASURES BREACHED ACCOUNTS DOS/DDOS SOCIAL ENGINEERING KEY STEPS TOWARDS SECURITY LINKS AND FURTHER READING ABOUT AMERICAN EXPRESS GLOBAL COMMERCIAL PAYMENTS Through its Global Commercial Payments division, American Express offers a suite of payment and lending products that help businesses and organizations of all sizes gain financial savings, control and efficiency. Global Commercial Payments provides solutions for travel and everyday business spending, cross border payments, global currency solutions, and business financing. To learn more about Global Commercial Payments visit business.americanexpress.com 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
  3. 3. Cyber Fraud in Travel SKIFT REPORT 2016 3 INTRODUCTION The transition of travel into the digital realm has opened up new opportunities for hackers and cybercriminals to compromise sensitive user and company information. This Skift Insights Deck takes a deeper dive into the dark web, an underworld of anonymous internet users that stand to pose the next wave of threats to the digital travel ecosystem. Here we take a detailed look, investigating what the dark web is and what it isn’t. We dig into the implications and evolution of the dark web, how pervasive it is, and what travel brands need to watch out for.
  4. 4. Cyber Fraud in Travel SKIFT REPORT 2016 38 ABOUT SKIFT Skift is a business information company focused on travel intelligence and offers news, data, and services to professionals in travel and professional travelers, to help them make smart decisions about travel. Founded in 2012 by media entrepreneur Rafat Ali, Skift is based in New York City and backed by Lerer Ventures, Advancit Capital and other marquee media-tech investors. Visit skift.com for more. LIKE WHAT YOU SEE? Skift’s content studio SkiftX helps brands such as Amadeus, American Express, Travel Channel, Hilton, and others create custom content, research, and experiences for sponsors that influence the largest audience of travel industry decision makers on the planet. Contact us for more details: Rafat Ali, Founder & CEO, Skift ra@skift.com 212-564-5830 Sponsored by This project was researched and written by: Dave Montali, Luke Bujarski, Skift Team

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