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 guests were astonished to find out how valuable their father's memorabilia was.
10 hours ago
Gibbons was shocked to see the suit that he had lost on an airplane decades ago.
11 hours ago
Many who didn't like Seacrest at first seemed to have come around through the season.
2 days ago
The guest couldn't believe her ears when she heard that her old gift from a friend was worth $10,000.
2 days ago
The presentation from the founders of "Bear Minimum" managed to move multiple Sharks.
2 days ago
While the expert on the BBC show did his duty of sharing an appraisal, the guest did not budge.
2 days ago
Fans couldn't believe how quickly the contestant solved the Bonus Round puzzle.
3 days ago
The entrepreneur was called a clever negotiator by all sharks although most of them dropped out.
3 days ago
The guest was in tears after learning that her family's prized possession was worth over $100,000.
3 days ago
The guest got incredibly lucky to find a Benny Andrews painting while looking at junk.
3 days ago
The guest was shocked to learn that someone would pay $20,000 for Queen Victoria's undergarments.
4 days ago
The guest's family heirloom turned out to be exactly as valuable as he thought.
4 days ago
The guest who assumed it was an ancient Chinese artifact said it felt like 'a stab to the heart'
4 days ago
While all the sharks burned calories, most were unwilling to burn their money.
5 days ago
In an interview with CNET's Patrick Colin, Harrison showed off his vintage tech items.
5 days ago
The item, which didn't seem too useful as a cup, turned out to be a significant piece of history.
5 days ago
The player had everyone on the edge of their seats as time was running out.
6 days ago
The member complained that the store had half-eaten boxes of food on the shelves for customers.
6 days ago
The owner of Michael Jordan's three rookie cards from 1986 to 1987, who got them for $12, was hoping to get $1,000 for the set.
6 days ago
The ring with a rare Kashmir Sapphire turned out to be worth a lot more than the guest anticipated.
6 days ago