Fraud detection and prevention in the travel industry, due to its specificity, poses a great challenge for every company within this category, especially for OTAs (Online Travel Agencies) and airlines.
Nowadays, fighting fraud while simultaneously avoiding false positives has become harder than ever before. Conducting a profound, real-time analysis of all transactions is a must. As it allows us to spot the intricacies in the behaviour of crooks and legitimate customers. Something hard to achieve with the use of common statistics and insights.
Through the use of Nethone’s Profiler, we have looked really deeply into fraudsters' behaviour by analysing data concerning travel products. Now, we want to share some of, in our opinion, the most interesting facts about common fraudsters’ behavior characteristics that you probably didn’t know, though you should, as they can significantly improve the results of your anti-fraud strategy.
Do you want to know what behaviour pattern is 84 times more common in the case of fraudsters than legitimate customers? See our infographic to find out.
If you wish to improve your fraud detection capabilities in your travel business, schedule a call with us and we'll show you how Nethone's advanced fraud prevention solution can help your business grow. Let's talk.