This week, at a conference in Singapore, leading global experts in fraud prevention used a simulated test to expose a new cybersecurity threat: a scam that allows users to "jump the queue" by scanning a QR code. Over 50 attendees fell victim to the scam, a test designed to raise awareness of QR code phishing attacks. Jorij Abraham, Executive Director of the Global Anti-Fraud Alliance, emphasized that while the test resulted in no actual losses, it demonstrated that "everyone can be a target of fraud."
With technological advancements, fraud methods are rapidly evolving. The conference highlighted AI as a powerful tool for fraudsters. They create fake social media accounts to collect personal information and use deepfake technology to simulate convincing voice or video calls to trick victims into transferring money, often using cryptocurrency to evade tracking. Experts warn that this highly personalized attack method is targeting a more sophisticated audience, posing a challenge to traditional fraud prevention methods.
Another major threat is "subdoMailing" scams, in which hackers hijack well-known corporate domains to send phishing emails. According to a Guardio Labs report, over 8,000 companies worldwide were victimized last year, including international brands such as eBay and CBS. Furthermore, the prevalence of remote work has heightened corporate risks, with the rise of business email scams and deepfake attacks forcing companies to reassess their cybersecurity strategies. Faced with increasingly sophisticated fraud networks, experts are calling for a dual approach of strengthening technical defenses and public education.
