Fraud investigators say at least 10% of QR codes attached to online orders, restaurant tabletops and public posters are scams, as Chinese state-sponsored hackers increasingly target financial information stored on smartphones.
The fake codes have proliferated since 2022 and today steal $75 billion a year from consumers, according to the LexisNexis Risk Solutions’ Government Group, which works with federal agencies to combat the schemes.
“It’s one thing when they steal your credit card. It’s completely different when they get access to your debit card through your phone,” Haywood Talcove, CEO of government for LexisNexis Risk Solutions, told The Washington Times. “There’s no way of recovering that.”
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m.washingtontimes.com
The fake codes have proliferated since 2022 and today steal $75 billion a year from consumers, according to the LexisNexis Risk Solutions’ Government Group, which works with federal agencies to combat the schemes.
“It’s one thing when they steal your credit card. It’s completely different when they get access to your debit card through your phone,” Haywood Talcove, CEO of government for LexisNexis Risk Solutions, told The Washington Times. “There’s no way of recovering that.”
More
At least 10% of QR codes are scams, fraud investigators say
Fraud investigators say at least 10% of QR codes attached to online orders, restaurant tabletops and public posters are scams, as Chinese state-sponsored hackers increasingly target financial information stored on smartphones.
m.washingtontimes.com
