
Before scanning a QR code, verify the legitimacy of the source.The prevalence of QR code scams is on the rise, particularly during the festive season when a growing number of people use QR codes for online shopping and payments. Exploiting this trend, scammers create counterfeit QR codes that lead unsuspecting users to malicious websites or prompt the download of malware. Fraudsters are capitalising on the heightened marketing activities during the festive season to target unsuspecting consumers.
As the festive season approaches, there is an anticipated surge in financial scams and fraudulent transactions. According to The Future Crime Research Foundation (FCRF), a non-profit startup affiliated with the Indian Institute of Technology (IIT) Kanpur, there has been a notable increase in online financial fraud cases. These cases involve various methods, including QR codes, one-time passwords (OTPs), and debit/credit card transactions, constituting approximately 77.5 percent of cybercrimes in India.