The travel and hospitality industry suffers billions of losses each year due to fraud.
“With the right combination of other underground services (compromised accounts, credit cards, etc.) it is possible to cover almost every aspect of the holidays, including food and restaurants, shopping, entertainment, guided tours and more – way beyond flights and hotels,” Vladimir Kropotov, Researcher at Trend Micro, told Help Net Security.
Kropotov and his colleagues have been rifling through the Chinese and Russian dark web markets and forums, Telegram channels, and some English-language forums, and have found a thriving market. Kropotov and his colleagues are scheduled to present the findings of their research at the Hack in the Box conference in Amsterdam this April.