Reports of QR code scams have been increasing steadily, especially during the last 2 years. To save yourself from falling victim to online frauds, here is what you should do.
With more and more people becoming dependent on the e-payment methods and online transactions, cases of online frauds have increased. Scammers have found ingenious ways to trap users and trick them to share their banking details. Recently, there were several cases reported of QR code scam where people have been tricked into scanning a QR code to receive a money, but they didn’t receive anything and in fact, funds were deducted from their account. Scammers use perfectly good platforms like OLX to defraud people with QR code scam. In fact, OLX itself has warned users against these scams. Know how it works and how you can save yourself from becoming a victim of online frauds.
How scammers use the QR code to steal money?
Online scammers send a QR code and ask people to scan it in order to receive money from some scheme they are running. However, once you scan the QR code, instead of the amount being credited, it will get deducted from your bank account. In fact, fraudsters can even get access to your bank account and steal your money through multiple transactions. Online scams via QR codes are one of the most common ways to steal money. So, whenever someone sends you a QR code on WhatsApp or any other platform and asks you to scan it in order…
