Help members avoid QR code scams

The latest edition of First Line of Defense™ raises the alarm on two key kinds of fraud and how to spot them: quick response code scams and car wrap scams.

QR Code Fraud

While quick response codes, more commonly known as QR codes, have existed since 1994, they have recently grown in popularity during the pandemic as many restaurants replaced their paper menus with these scannable codes. QR codes have also grown in popularity with scammers as a tool for committing fraud.

Most QR codes that you or your members will encounter are legitimate. Financial institutions across the country are even using them as a convenient way to engage consumers. So how do scammers leverage this convenient technology to their advantage? They use them to direct people to malicious websites, embed malware and redirect payment.

 

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