In an age where convenience and efficiency are paramount, QR codes have become ubiquitous. They are used for everything from accessing restaurant menus to making payments. However, this convenience comes with a hidden danger: QR code phishing, also known as "quishing."
Phishing remains the number one attack vector for malicious actors, focusing significantly on compromised supply chain email accounts and account takeovers (ATO). Over half of cyber security leaders are stressed about attacks originating from these compromised accounts. QR code phishing — or “quishing” — is a modern twist on this classic threat. Quishing attacks manipulate users into revealing personal and financial information or downloading malware hidden behind malicious QR codes. These attacks can bypass traditional security email gateways and target users' less secure mobile devices.
A typical quishing attack begins with a phishing email containing a malicious QR code embedded in a PDF or image file or a physical malicious QR code in the real world. A phishing email-based QR code can evade email security filters, allowing the email to reach the user’s inbox without being flagged. Once scanned, the QR code can direct users to a phishing site designed to steal sensitive information or infect their devices with malware.
Generative AI is exacerbating phishing threats, enabling attackers to develop more sophisticated phishing emails and malware. Sixty-three percent of cyber security leaders are concerned about deepfakes, and 61% worry about AI chatbots being used to create phishing campaigns. This advancement increases the complexity and frequency of threats like QR code phishing, making it even more critical for businesses to stay vigilant.
The consequences of falling victim to a quishing attack can be severe. Cybercriminals can gain access to confidential information, such as payment details, which can be used for fraudulent purposes. This can damage an organisation’s reputation, cause financial losses, and disrupt operations. According to the Egress report, 96% of organisations experienced negative impacts from phishing attacks, including financial loss from customer churn and employee turnover.
To protect your organisation from quishing attacks, being vigilant and proactive is essential. Here are some common signs of malicious QR codes and steps to mitigate the risk:
Organisations should take several steps to enhance their security posture against quishing attacks:
Email security risks have expanded beyond traditional email to include collaboration tools, underscoring the need for comprehensive security measures. Organisations must adapt to this broadened threat landscape by embracing integrated cloud email security solutions. 87% of organisations are moving towards these solutions to address the limitations of traditional secure email gateways.
As QR code phishing becomes more prevalent, businesses must stay informed and prepared. By understanding the tactics used in quishing attacks and implementing robust security measures, organisations can protect their sensitive information and ensure against operational disruptions. Remember, vigilance and proactive measures are vital to staying ahead of cybercriminals in this ever-evolving threat landscape.
For more information on protecting your business from cyber threats, visit Cyberlogic's website or email us at hello@cyberlogic.co.za.
Source: 2024 Egress Report