WhatsApp is being used to steal your money - VRGyani News and Media


Wednesday, December 25, 2019

WhatsApp is being used to steal your money

Cybercriminals are tricking users and stealing money from their bank accounts via QR code scam. The scam involves fraudsters sharing their QR codes usually via WhatsApp to make payments and then trap the victims to send money. There has been a sudden increase in such cases across cities. In most cases, fraudsters approach those who have posted ads for sale of furniture or other items online. Recently, Cyberabad police shared an advisory warning citizens about such frauds. Last month, several such cases were reported from Gurugram. Wonder how this QR code fraud works, read on to find out.

  1. Cyber criminals ask the victim to share their Bank account information to receive the money
  2. The fraudsters then share a QR code, or quick response code, over WhatsApp to receive money in their account
  3. This is in fact a collect request; by scanning and entering the PIN, the victim consents to the request of giving money
  4. Once he/she scans the QR code and enters PIN, money is deducted from the bank account
  5. Citizens must remember that they need to scan QR code only to make payments, not receive money
  6. A QR code is like a normal internet link, don't click on it if you don't know its origin