Two Minute Tips

Europe targets $1 Billion airline ticket fraud industry

December 3, 2014

Share this article:

Operation Airline Action Day 4

It is a staggering number. Airlines around the world have lost $1 billion thanks to thieves who use fake or stolen credit cards to fraudulently purchase flights.

Europol — the European Union’s law enforcement agency — just completed a major crackdown on the fraud, working with 60 airlines in 45 countries, along with representatives from American Express, MasterCard, Visa Inc and Visa Europe.

The effort had two goals:

  • Target criminal online services offering credit card credentials and fake plane tickets
  • Protect consumers from these criminal enterprises.

The airlines and credit card companies worked with Europol’s European Cybercrime Centre (EC3) to identify suspicious airline ticket transactions. The credit card companies used their own financial data systems to track and confirm suspected fraud after being alerted by the airlines.

The International Air Transport Association (IATA), the trade group for the world’s carrier, also participated in the Europol effort by providing important fraud intelligence from its database.

Once the information was confirmed, notifications were sent to transport hubs around the globe, with enforcement officers detaining suspects trying to travel using the fraudulent airline tickets. And Interpol agents helped by quickly identifying wanted persons and stolen travel documents.

STORY IDEAS

Europol

International Air Transport Association

More Like This...

Covering airlines after COVID-19

The airline industry creates 11.3 million direct jobs and contributes $961.3 billion to the global GDP. The industry as a whole is a big economic driver for countries all around

EVs: The business of the electric revolution

Pollution is increasingly seen as a major downside to traditional automobiles. According to the United States Environmental Protection Agency (EPA), a typical passenger vehicle emits around 4.6 metric tons of

Two Minute Tips

Sign up now.
Get one Tuesday.

Every Tuesday we send out a quick-read email with tips for business journalism.

Subscribers also get access to the Tip archive.

Get Two Minute Tips For Business Journalism Delivered To Your Email Every Tuesday

Two Minute Tips

Every Tuesday we send out a quick-read email with tips for business journalism. Sign up now and get one Tuesday.

Our New Look
The Reynolds Center for Business Journalism is starting 2023 with a new look that we hope better illustrates our core mission to provide accurate and authoritative resources about business journalism, in order to help both reporters and news consumers understand the importance of business news and to demystify the sometimes arcane topics it covers.
Businesses, markets, and economies move in cycles – ups and downs – which is why our new logo contains a “candlestick” chart representing increases as well as downturns, and serves as a reminder that volatility is an unavoidable attribute of modern life. But it’s also possible to prepare for volatility by being well informed, and informing the general public to help level the information playing field is the primary goal of business journalism. The Reynolds Center is committed to supporting that goal, which is why the candlestick pattern in our logo merges directly into the name of our founding sponsor, Donald W. Reynolds.
Our new logo comes with a shorter name. Business is borderless, and understanding the global links in supply chains, trade, and flows of funds and people is essential to make sense of our fast-paced, globalized world. So we’re dropping the word “National” from our name and will aim to provide content that is applicable to business news globally.
We hope you like the new look. Best wishes for 2023!