Beware of QR code scams: SBI explains how to avoid online transaction fraud

India’s largest public sector bank, the State Bank of India (SBI), on Wednesday warned customers of the increasingly frequent QR code fraud, which may rob unaware users of their hard-earned money due to a negligent error. SBI took to its official Twitter account to post a guide with the purpose of making its customers more well-informed about QR code fraud. “Do not scan QR codes shared by anyone unless the objective is to pay,” the bank wrote, asking users to “stay alert”.

QR code fraud has become increasingly common in recent days with the rise in online transactions, as more and more people stay back at home and conduct financial transactions through internet-based mediums.