QR Code Scams Targeting Crypto and Parking Meters

A surge in QR code scams is targeting various demographics, from crypto users to everyday consumers. Bitrace has highlighted a sophisticated crypto scam involving QR codes that drain wallets by deceiving users into authorizing payments, with victims losing approximately $120,000 in USDT. Similarly, Methuen Police and cybersecurity experts warn of QR codes sent via mail that install malware on devices once scanned. Portsmouth and West Northamptonshire Councils report fraudulent QR codes on parking meters, leading to stolen money and invalid parking. Officials emphasize verifying QR code origins and being cautious of unsolicited codes. Overall, these incidents reflect a broader trend of increasing cyberattacks, with stolen crypto funds nearing $1.4 billion in 2024, driven primarily by phishing and access control breaches.