IATA Fraud Prevention Steering Groupwill hold its semi-annual meeting 18-19 April 2005 in Bangkok…
IATA Fraud Prevention Steering Groupwill hold its semi-annual meeting 18-19 April 2005 in Bangkok, in conjunction with Airline Distribution 2005 an airline industry distribution forum co- hosted by UATP and Airline Business magazine 19-21 April.
Following the IATA meeting, some Fraud Steering Group members will join other experts in the area of fraud for a panel discussion at the UATP-Airline Business Distribution Conference. The panel will explore industry concerns about potential and actual fraud and ways to protect the financial integrity of online sales and international business transactions.
The Fraud Steering Group meeting will focus on strategies for detecting and preventing fraud which, in the year 2002, consisted of a global loss of more than USD 270 million. The real cost to the industry of fraud is estimated to be USD 1.5 billion.
The importance of fraud prevention is increasingly dominant in the industry, especially as distribution channels change and market share for
online portals increases, said Ralph Kaiser, UATP President and CEO.
On a related topic, protecting e-ticketing is the focus of the Simplifying the Business Working Group, (STB-WG). STB-WG will also meet in Bangkok, focusing on mapping all scenarios which may offer exposure to fraud in the electronic environment as the industry works toward the goal of being paperless by 2007.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
