Cyber frauds related to UPI and digital payments are increasing day by day. People are falling prey to phishing links, ATM or SIM skimming, and more. In this story, we have detailed how scammers empty bank accounts using QR codes.
By Divya Bhati: UPI and modes of digital transactions have made our lives easier. Just like sending an SMS or using instant messaging apps, users can initiate money transfers to any bank account within seconds. Digital payments and online banking are easier, faster, and even safer. But on the flip side, it has also increased the rate of online fraud. Over the last few years, cyber frauds through phishing links, sim swaps, vishing calls, and more have significantly increased. Scammers are finding new ways to trick and fraud people. One such fraud which is not new but still making people fall for it is the QR code scam.
Many people reportedly fall victim to QR code scams where fraudsters clean their bank accounts using a QR code. Even India Today Tech team members came across an incident where a person tried to trick and asked to send money using a QR code. So, when our team member listed an item on OLX, a user agreed to purchase the item at the same price as listed. To take further the process, the user immediately asked for the UPI ID, bank account to initiate the payment. While it was already suspicious, as he didn’t come to see the item nor did he bargain. What rang the alarm was that he sent a QR code…
