FBI issues warning on QR code payment fraud

Fraudsters can create new QR codes or manipulate and attack existing ones, giving them access to sensitive financial information at the point of payment, Zilvinas Bareisis, head of retail banking at Celent, told Bank Automation News.

“Many QR codes don’t initiate the payment directly, but instead take the customer to a checkout site where they present their payment details,” Bareisis said. “Intercepting those payment details for subsequent fraudulent use is the main concern, along with installing malware on consumer devices.”

Read the full article via Bank Automation News.