QR codes are becoming a gateway for fraud
Overview of the latest stats from the FTC's Consumer Sentinel Network Data Book.
On July 23, 2012, the U. S. Community Trust Bank reported that fraudsters, posing as representatives of the bank, were sending out "gift-card scam" phishing emails. The scam offered a "free" $1,000 gift card to potential victims. They were instructed to go to a website and provide an address and other personally identifiable information (PII) to claim the gift card.
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Convicted fraudster Andrea Baxendale noticed that internal controls had become lax at her job as a cost accountant, so she abused her company's trust and started to steal money for herself.
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