🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
The growing abuse of QR codes in malware and payment scams prompts FTC warning
Arstechnica
·
1y ago
Medial
The US Federal Trade Commission has issued a warning about the increasing use of QR codes in scams that aim to compromise smartphones, make fraudulent charges, or obtain personal information. Scammers are embedding QR codes in emails and pasting them over legitimate codes in parking lot kiosks, leading victims to malicious sites or fraudulent accounts. The FTC advises users to ensure that scanned QR codes lead to official URLs, inspect codes for tampering, be wary of email-embedded codes, and use built-in phone scanners instead of standalone apps. Additionally, caution is advised when sharing QR codes for two-factor authentication.
View Source
Related News
Scammers using fake QR codes to steal your information, warns US FTC
Economic Times
·
1y ago
Medial
The US Federal Trade Commission (FTC) has issued a warning about scammers using fake QR codes to steal personal information. Scammers are hiding harmful links in QR codes and may send them through text messages or emails, posing as package delivery notifications or account verification requests. The scammers create a sense of urgency to trick users into scanning the QR codes, leading to a spoofed website where personal information can be stolen or malware can be installed. The FTC advises users to be cautious and only scan QR codes from trusted sources.
View Source
Don't scan the scam: Beware of fraudulent QR codes this festive season
Economic Times
·
1y ago
Medial
The article warns about the rise in QR code scams during the festive season, with cybercriminals using fake QR codes to dupe unsuspecting customers. Cases of fraud involving QR codes have seen a significant increase, with victims falling for fake advertisements and making illicit transactions after scanning manipulated QR codes. Experts highlight the visual similarity of QR codes and the difficulty in discerning differences, making it easier for scammers to carry out their fraudulent activities. Various tactics, such as compromising websites, installing malware, or intercepting data through insecure Wi-Fi networks, are employed by cybercriminals using QR codes.
View Source
Look before you QR code: As smart payments become a norm, fraud gates open up
Economic Times
·
1y ago
Medial
The rise in QR code fraud or "quishing" is becoming a major concern as scammers are finding new ways to exploit the use of QR codes for financial fraud and identity theft. Complaints regarding UPI-related fraud have doubled in 2023, with QR code fraud accounting for nearly half of the cases. Scammers send QR codes through messaging platforms and ask users to scan them and enter their UPI PIN, allowing them to gain access to the user's account and transfer money. Officials warn against scanning unknown QR codes without verification and recommend using preview features before making a payment.
View Source
USB charger scam alert! What is ‘Juice-Jacking’ and how to avoid it
Livemint
·
1y ago
Medial
Government officials have issued a warning regarding the risks of using public phone charging stations due to the prevalence of cyber scams. These scams, known as "USB charger scams" or "juice-jacking," involve hackers stealing data or installing malware onto unsuspecting users' devices when they connect to compromised ports. To mitigate these risks, individuals are advised to use traditional electrical outlets whenever possible, carry their own charging cables or power banks, implement device security measures, and keep software up to date. In the event of falling victim to a scam, prompt reporting is encouraged.
View Source
With new payment terminals, it’s ‘battle on’ between Pine Labs and Paytm
Economic Times
·
1y ago
Medial
Paytm and Pine Labs are competing in the physical merchant payment sector with innovative products. Paytm launched a terminal for QR code and card payments with sound confirmation. Pine Labs introduced 'Mini,' which handles tap-and-pay card payments and UPI transactions via QR codes. Pine Labs aims to target grocery and restaurant owners, while Paytm focuses on the mid-market segment. Competition is intensifying among payment players, including Ezetap and Worldline. The devices come with different pricing models, aiming to cater to diverse merchant needs.
View Source
How to stay safe from cybercriminal "quishing" attacks
Techradar
·
1y ago
Medial
Phishing attacks using QR codes, also known as "quishing," are gaining momentum as scammers aim to bypass multi-factor authentication (MFA). QR phishing takes advantage of users' trust and familiarity with QR codes, embedding malicious codes in seemingly legitimate emails. Scammers can then redirect users to phishing sites designed to steal business credentials and MFA tokens. The success of quishing lies in the less secure nature of mobile devices, difficulty in detecting malicious links behind QR codes, and effective social engineering techniques. Businesses need to implement stronger security measures, such as training employees to recognize these attacks, enforcing strict password policies, reducing MFA token expiration time, and implementing anomaly detection and extended detection and response (XDR) solutions for monitoring and rapid response.
View Source
UPI powers 84% of total retail payments in FY25; Central Bank Digital Currency trials gain ground
YourStory
·
1m ago
Medial
India's Unified Payments Interface (UPI) dominated the digital economy in FY 2024-25, accounting for 84% of total retail payments, per the RBI's report. UPI usage and value surged significantly, with a 41.7% rise in transactions and a 30.3% increase in payment value. Active UPI QR codes reached 65.8 crore, up by 91.5%. UPI also influenced global real-time payment transactions, with India capturing 48.5% of the market by volume.
View Source
Razorpay Launches ‘UPI Autopay On QR' For Subscription-Based Businesses
Inc42
·
1y ago
Medial
Fintech firm Razorpay has introduced 'Razorpay UPI Autopay on QR' in collaboration with the National Payments Corporation of India (NPCI). This service simplifies UPI subscription payments for businesses, allowing them to create QR codes for subscriptions and integrate them into marketing materials. Customers can scan the QR code to make subscription payments. This offering aims to support subscription-based businesses' growth, particularly in metropolitan and Tier 1 cities. It leverages the widespread use of QR codes to encourage rapid adoption and acceptance of UPI payments for subscriptions.
View Source
Apple puts a hidden QR code on iPhone screens
Startup News FYI
·
1y ago
Medial
According to a report by The Information, Apple has been secretly placing microscopic QR codes on iPhone screens since 2020. These codes help Apple track and reduce defects in its production line, allowing them to save hundreds of millions of dollars. The QR codes are engraved on the iPhone's glass during manufacturing and can only be seen with special equipment. The implementation of these codes was challenging, but they have successfully helped Apple's suppliers reduce the number of discarded units, resulting in significant cost savings.
View Source
Mswipe raises $20 million in ongoing funding round led by Alpha Wave
Economic Times
·
1y ago
Medial
Merchant payment provider Mswipe Technologies has raised $20 million in growth equity capital from its existing investors, led by Alpha Wave Global. The funds will be used to expand its merchant payment network and enhance its product and technology infrastructure. Mswipe recently received regulatory approval from the Reserve Bank of India for a payment aggregator license and will now compete with other providers in the online and offline merchant payment space. The company offers various payment solutions including point-of-sale devices, UPI, QR codes, and payment links, as well as loans and inventory management services to offline merchants.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
