Ritz London customers scammed following reservation system breach

By Jay Jay for teiss
Tuesday, August 18, 2020

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Commenting on fraudsters using information stolen from the Ritz to defraud their customers, Ilia Kolochenko, Founder & CEO of ImmuniWeb, said the Ritz incident may have strong consequences and extremely high losses as guests of the luxury hotel are wealthy people, oftentimes, virtually without a limit on their credit cards.

"Despite multilayered defense and transaction verification mechanisms available for high net worth individuals, many of them lack technical knowledge and can be easily lured into expensive mistakes. Some VIP clients may enjoy generous protection against fraudulent credit card charges but not all banks offer them, moreover, there is a multitude of other avenues to profiteer from the alleged breach or extort money from the victims," he added.

This is not the first time that hackers have targeted online reservation systems of major hotels to steal the personal data of their wealthy guests and to scam them using their stolen information. The inability to secure guest details from hacking attempts often hurts the credibility and integrity of major hotels and also exposes them to regulatory action. Read Full Article