Travel and leisure is one of the top three global industries seeing the highest rate of suspected fraud in 2023, according to the TransUnion 2024 State of Omnichannel Fraud Report.
According to the report, around one in seven new accounts is expected to be fraudulent, with 13.5 percent of transactions associated with online account creation suspected to be fraudulent.
While retail was the highest industry seeing these fraudulent charges at 44.7 percent of suspected fraud attempts, travel and leisure came in at 36 percent, with video gaming following behind at 31.5 percent.
Yet the travel and leisure industry is not the highest-growing for fraud attempts. While fraud attempts in video gaming have risen 40 percent year-over-year, the travel industry has seen an 8…