ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

All About 'Quishing'; The latest Tactic Employed by Scammers Using QR Codes

Beware of QR Codes, there's a Potential Theft of Payment and Personal Info.
PUBLISHED JAN 25, 2024
Image Source: Photo by Kampus Production | pexels
Image Source: Photo by Kampus Production | pexels

Holiday season was marred by scams from those targeting people through gift cards to the ones where unrealistic discounts were offered to lure victims. But even after the festivities have ended, scammers are in no mood to slow down, as they have come up with new tactics to siphon off money in the new year. As per reports, several people who are still recovering from holiday spending, are eager to find deals in January, and this makes them vulnerable to another scam involving something we are all surrounded by. Scammers are now exploiting QR codes, the latest trend in bargain hunting, leading the Federal Trade Commission (FTC) to issue a warning.

Image Source: Photo by Pixabay | Pexels
Image Source: Photo by Pixabay | Pexels

QR codes, or quick response codes, have become a convenient way for people to access various services with a simple scan. Be it online menus, event tickets, parking information, or post-holiday sales, a quick scan opens up a virtual window. Unfortunately, scammers are taking advantage by hiding harmful links in QR codes to access personal and payment information or install malware, turning the feature into a trap door.

The FTC calls this tactic 'quishing,' a play on words to combine "QR code" and "phishing." As part of this fraud, scammers create deceptive QR codes that resemble legitimate ones, making it difficult for users to spot signs of the scam.

Sammi Nachtigal from the FTC emphasizes that these scams can be tricky to detect because virus detection software may not recognize QR codes as potential threats. The fake QR code leads users to a fraudulent website that appears genuine, making it likely for them to unknowingly provide sensitive information.

Image Source: Photo by Leeloo Thefirst |Pexels
Image Source: Photo by Leeloo Thefirst |Pexels

To protect yourself, experts advise treating QR codes like suspicious emails. Check for spelling errors or altered letters in the link the QR code directs you to. If the code is printed or posted, ensure it hasn't been tampered with, as scammers may place stickers over legitimate QR codes to redirect users to malicious sites.

While QR codes are widely used in trustworthy places like doctors' clinics for streamlined transactions and information sharing, Nachtigal urges caution when QR codes are sent to you unexpectedly. It's a good practice not to scan QR codes from unanticipated emails or text messages, especially if they urge immediate action.

Before clicking on a QR code, read through the presented website to verify it's legitimacy. While it's tempting to take advantage of discounts or sales, exercising caution with QR codes can protect you from falling victim to scams.

MORE ON MARKET REALIST
The player, Catrice Sandt, nearly blew the Bonus Round puzzle by saying too many words in the end.
3 hours ago
The co-founders of Nature's Wild Berry left the Sharks in shock with their miraculous product.
5 hours ago
The contestant named Whitney could barely control her emotions as she celebrated with Ryan Seacrest.
8 hours ago
The player named Kathy Young missed out on the Showcase Showdown as she had to leave.
1 day ago
Harrison closed a mega deal by scooping up three post cards for the price of one.
1 day ago
The guest who brought his father's prized possesion, had already made up his mind.
1 day ago
Harvey got a genius solution to avoid asking an awkward question to Carson Kressley's family member.
2 days ago
The player could barely control her excitement as she had a near-perfect game on the show.
2 days ago
Harrison knew it was too good of a collection to let go, and he decided to raise the stakes.
3 days ago
The guest who had little no idea about his family heirloom was shocked to know its significance.
3 days ago
Despite making a higher than usual offer, Harrison failed to close the deal.
3 days ago
The guest regretted that she wouldn't be able to keep the highly valued item in her home anymore.
3 days ago
They also triggered a showdown between Mark Cuban and Daniel Lubetsky before closing the deal.
4 days ago
As Heather took a second to solve the final puzzle, Seacrest admitted she made it look easy.
4 days ago
Carey suffered a similar snafu a few months ago while playing the same game of 'Bullseye'.
5 days ago
Fans also share some tips that could've helped Bain win the bonus round but it was too late.
5 days ago
Emily Croke coincidentally got the question related to her great-great aunt, Emily Folger.
5 days ago
Luckily for the veteran host, no one in the studio caught the mistake on time.
5 days ago
The executive producer of the show, Michael Davies later apologized for the spoiled show.
5 days ago
Even the seasoned expert was stumped by the unusual subject of the painting.
5 days ago