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2024 QR Code Phishing Trends: In-Depth Analysis of Rising Quishing Statistics

QR code phishing, or 'Quishing', has emerged as a significant threat in 2023. This blog delves into the latest QR code phishing statistics, comprehensively analyzing this growing cybercrime trend. We focus on the frequency of these attacks, their success rates, and the sectors most impacted, providing insights crucial for understanding and combating this digital menace.

2024 QR Code Phishing Trends: In-Depth Analysis of Rising Quishing Statistics

The Alarming Increase in QR Code Phishing Incidents in 2023

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Image 1: Number of QR code phishing cases reported in June 2023

From June to August 2023, a startling surge in QR code phishing emails was observed. Systems detected 8,878 such incidents, indicating a worrying shift in cybercriminal tactics. June witnessed the peak of this trend, with 5,063 reported cases in QR code phishing statistics.

Low Detection and Reporting Rates of QR Code Phishing Attacks

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Image 2: Only 36% of QR code phishing attacks were accurately identified.

The low detection and reporting rate is a concerning aspect of these Quishing attacks. Only 36% of these incidents were accurately identified and reported by the recipients. This gap in security awareness and preparedness leaves many vulnerable to the risks associated with deceptive QR phishing.

Targeted Industries: The Primary Victims of QR Code Phishing

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Image 3: The energy sector is the most vulnerable to QR code phishing campaigns.

Analysis reveals that these Quishing campaigns more frequently target certain industries. The Energy sector is the most vulnerable, receiving 29% of over 1,000 malware-infested phishing email QR code. These QR code phishing statistics also show that manufacturing, Insurance, Technology, and Financial Services sectors are also at high risk, indicating a strategic focus by cybercriminals on sectors they perceive as either more lucrative or vulnerable.

QR Codes: A Preferred Tool in Phishing Campaigns

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Image 4: 26% of all malicious links were embedded in all QR codes.

In these phishing campaigns, 26% of all malicious links were embedded in phishing QR code, highlighting the significant reliance of attackers on this method. 2023 marked a 587% increase in Quishing incidents, demonstrating its growing popularity among cybercriminals. Furthermore, QR codes were used in 22% of all phishing attacks during this period, emphasizing their critical role in the phishing landscape.

Projected Growth in QR Code Payment Systems and Associated Risks

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Image 5: By 2025, global expenditures will exceed $2.4 trillion through QR code payments

By 2025, global expenditures via QR code payments will be projected to exceed $3 trillion, a substantial rise from $2.4 trillion in 2022. This growth, especially in markets like India, opens up vast opportunities for fraudulent QR code schemes, presenting a significant challenge in digital security.

The Need for Enhanced QR Code Security Measures

These statistics on QR code phishing underscore the escalating threat of Quishing. As cybercriminals continue to refine their tactics, the importance of staying informed and adopting proactive defense strategies becomes paramount. The rising trend of Quishing is a stark reminder of the persistent and evolving nature of cyber threats like voice phishing attack statistics suggest. Enhanced QR code security measures are advisable and essential in safeguarding against these sophisticated phishing attacks.

Protect Your Business Against QR Code Phishing Attacks with Keepnet's Quishing Simulator

Keepnet's Quishing Simulator, a sophisticated, cloud-based solution, is specifically designed to evaluate and fortify your defenses against these QR phishing threats. With its extensive range of features, including over 600 ready-to-use templates and customizable scenarios in more than 30 languages, this tool is pivotal in nurturing a security-conscious culture within your organization.

Benefits of Keepnet's Quishing Simulator

  • Effective Security Awareness Training: Elevate your organization's defenses against QR phishing risks. Reduce the likelihood of financial losses, which can average over $1 million, while potentially achieving significant ROI through improved efficiencies and cost savings.
  • Enhanced Security Framework: Identify and mitigate risky behaviors to cultivate a robust security culture, effectively countering ongoing QR Code phishing threats.
  • Elevating Cybersecurity Knowledge: Experience an 87% improvement in employees' ability to identify and report QR Code phishing attacks within just three months.
  • Mitigating Legal Risks and Maintaining Compliance: Stay compliant with data protection laws to avoid substantial fines and legal complications.
  • Thorough Regulatory Adherence: Align your organization with GDPR, CCPA, and other relevant regulations.

Watch our Youtube video below and see how we can protect you againts QR code phishing attacks with our QR Code Phishing Simulation software.

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You'll learn how to:
tickAutomate behavior-based security awareness training for employees that over 4 million people trust.
tickCreate realistic QR phishing templates reflecting the latest quishing attack trends.
tickTo create and distribute printed QR code phishing templates to simulate and test employee responses.

Frequently Asked Questions

What is the Recent Increase in QR Code Phishing Attacks?

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In 2024, there has been a significant rise in QR code phishing attacks, with statistics showing over a 270% monthly increase. This trend highlights the growing reliance of cybercriminals on QR codes as a tool for phishing.

How Prevalent Are QR Code Phishing Attacks in Different Industries?

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QR code phishing attacks are becoming increasingly prevalent across various industries. In 2024, sectors like Energy, Manufacturing, and Retail have seen a notable rise in such attacks, with nearly 29% of phishing emails in these industries containing malicious QR codes.

What Percentage of Phishing Attacks Involved QR Codes in 2023?

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In 2023, QR codes were used in approximately 22% of all phishing attacks, a significant increase from previous years. This statistic underscores the growing importance of QR code security in the digital landscape.

How Effective is Security Awareness Training for QR Code Phishing Attacks?

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Security training has proven highly effective against QR code phishing attacks. Organizations utilizing comprehensive training programs have reported up to an 87% improvement in their employees' ability to identify and report these attacks within a few months.

What is the Cost of QR Code Phishing Attacks on Businesses?

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QR code phishing attacks can have a substantial financial impact on businesses. On average, companies can incur losses exceeding $1 million due to these attacks. Investing in preventive measures and security training can significantly reduce these potential financial losses.

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