Evaluating Countermeasures Against Online Fraud in UK Tourism

This project explores the countermeasures implemented to control and prevent online fraud within the UK, focusing on the tourism sector. It highlights the significance of the tourism industry and its vulnerability to online fraudulent activities. The project discusses various strategies, including tightening transaction limits, educating employees about online fraud, and using advanced payment methods to enhance security. It also emphasizes the importance of protecting customer information and preventing misuse of financial data. The research delves into the impact of these countermeasures, leading cases of online fraud, and areas where further improvements can be made. The study employs a comprehensive research methodology, including data collection and analysis, to assess the perception and awareness of online fraud, the strategies to prepare for it, and the overall effectiveness of the countermeasures. Desklib offers this project as a resource for students, providing insights and solutions related to online fraud prevention.

Online fraud can be defined as a type of
deception that makes utilization of internet
and involves information hiding or
providing information which is not correct
with the aim of tricking victims out of
property, money and inheritance. Travel and
Tourism is one of the leading industry in
current competitive business environment
and is highly contributes in growth of
economy.
The operations of sector are largely based
on internet and the chances of fraudulent
activities are more including misuse of
information like bank account number, CVV
Tighten up transactions: By establishing
financial limits, organisations can prevent
online fraud as by this, the user cannot pay
beyond an authorised limit.
Apart from these, there are some areas to
improve on fraud. In order to avoid online
fraud, firms can set transaction limit for a
particular customer. This helps company in
protecting crucial information and preventing
any kind of online fraud.
The counter measures against online fraud
helps in preventing it. The strategies to
minimise online fraud including:
Keep employees updated: Proper
understanding about seriousness and types of
online fraud among employees helps in
preventing it. So, keeping employees updated
about kinds of online fraud is a good a
strategy to prevent it.
Protection of payment method: Use of
advanced payment methods or channels
instead of traditional methods are safer. If
payments are made online, an OTP is
generated which provides protection to
customers while making purchase online.
To investigate the impact of the countermeasures in the control and in prevention of online fraud within
UK
INTRODUCTION