The summer months kick off many seasons of happiness – the end of the school season for kids, BBQ season, baseball season (this is a happier time for some fans more than others) and vacation season. Over the next few months, millions of Americans will hit the road or take to the skies in search of fun, adventure, relaxation and quality family time.
Unfortunately, summer is a very profitable time for scammers and fraudsters looking to flip your summer holiday. While you’re booking airline tickets for your family, they are booking your hard-earned money into their bank account. Your trip can go from a fun-filled journey to a disastrous Griswold vacation in a blink of an eye.
According to a report published by the Federal Trade Commission, an astounding $92 million dollars were lost to vacation and travel fraud since the start of the COVID-19 pandemic. A majority of this amount stolen from Americans came from refunds and cancellations scams. From January 1, 2020 to June 15, 2022, U.S. consumers filed 58,580 reports centering around vacation and travel fraud. This amount is second only to online shopping fraud of 68,322 complaints.
The good news is you’re already equipped with the tools you need to prevent having your vacation ruined by fraud. The following tips won’t create shorter lines for the amusement park, keep bears away from your camper or stop your kids from asking “Are we there yet?”, but they can stop a criminal from gaining access to your dollars and sensitive information.
Copycat Airline Web Sites
When researching the best flight prices online, you see a great deal of significant savings with a major commercial airline. After booking the flight online or through the phone number listed, you receive a confirmation email that is missing a crucial piece of information – your pre-paid airline tickets.
In some cases, when you do receive your tickets, you will also receive a message that they are not valid due to a price increase. In order for your tickets to be finalized, you are forced to pay the additional charge. This tactic is something no legitimate company would ever do.
In either scenario, when you reach out to the airline, you discover your ticket was never booked or the flight doesn’t even exist.
To protect yourself:
Every day, millions of people download legitimate apps from reputable companies. Scammers take advantage of the belief that a valid company is behind the software and create bogus apps that are focused on vacation and travel. They are designed to impersonate a genuine app, such for VRBO or Airbnb, and look almost undistinguishable from the real one.
Before downloading ANY app:
Scammers can quickly turn your dream vacation into your worst nightmare. By following these guidelines, you can protect your money – and your sanity. Remember, if it’s too good to be true, it probably is.
With all of that in mind, enjoy this wonderful time of the year. Safe travels!
Ellerbrock-Norris Wealth Strategies is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.