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
In 2004, Ashley Revell from London won $270,000 in one of the most stunning events in gambling history.
3 hours ago
The inventors knew the risk they were taking going in with an untested product but things worked out.
12 hours ago
Despite the deductions, Goodall still has a bright future just like the show's previous winners.
13 hours ago
Celebrities have made appearances in WWE in the past but few have entered the Royal Rumble.
14 hours ago
Fans on social media were not happy with Pat Sajak ignoring the right answer initially.
15 hours ago
The organizers never expected the multi-platinum selling rapper to take an interest in the contest.
16 hours ago
The man from New Jersey who was looking to save a few bucks, didn't know what luck had in store for him.
1 day ago
Kevin O'Leary is not known for going soft but things took a highly emotional turn.
1 day ago
It's not every day on Antiques Roadshow that one gets to see a piece of American history and culture.
1 day ago
Pat Sajak never shied away from shocking "Wheel of Fortune" viewers from time to time.
1 day ago
Presence of mind and a video on social media helped the consumer steer clear of a scam.
1 day ago
The show featured thousands of litigants who put their arguments in front of the Judge.
1 day ago
In the video, another friend can be heard gasping and noting how she thought that Maddie was 'exaggerating.'
2 days ago
No one was expecting to see an Academy Award-winning actor hosting a game show.
2 days ago
The honest mistake could have potentially impacted the value of the rare scrapbook.
2 days ago
Davidson's claim was the same as several other comedians who appeared on the show.
2 days ago
This wasn't the first time that a winner used a disguise to collect the check for their prize money.
2 days ago
He sued the lottery company for breach of contract, gross negligence and the infliction of emotional distress among other claims.
3 days ago
Tom Stednicki blew everyone's minds including veteran host Pat Sajak but didn't finish on the same note.
3 days ago
The co-founders of Wine & Design brought back bachelorette memories for Barbara and Lori.
3 days ago