Going the Extra Mile: Travel Rewards Turn into Underground Currency.
Summary
Cybercriminals are increasingly targeting travel loyalty accounts, converting stolen miles into flights and hotel stays which are then resold at a discount. This underground economy treats loyalty accounts as a form of tradable currency.
IFF Assessment
FOE
This trend represents a growing threat as attackers exploit loyalty programs to launder illicit gains and conduct further fraudulent activities.
Defender Context
Defenders should be aware of the growing monetization of loyalty program accounts on the black market. Organizations with such programs need to implement robust security measures to detect and prevent account takeovers and fraudulent redemption.