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Researchers at Flashpoint found a new and thriving online marketplace where illicit booking services are offering rewards points for luxurious vacations at the expense of victims who have experienced account exposures. Cybercriminals have been accessing lucrative rewards sites via stolen bank account and credit card information in order to fund their posh vacations to some of the most beautiful places in the world. It is reported that over 3,600 vacations have been taken on victims points since 2015.

Although some providers are refunding stolen points, Flashpoint recommends improving security on rewards sites to avoid unexpected phishing attacks as hackers us brute-force password stealing software to expose credentials. All in all, individuals who practice safe security measures for their own accounts often translate into safe security practices for their respected employers.

With that in mind, EvolveMGA ‘s hacker insurance protects businesses in the event they experience a similar hack attack. Head over to our website to Get a Quote!

If you’d like to read more about this cyber attack on rewards points, check out the Independent.

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  • susan says:

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