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Majority of Consumers Used QR Codes for Transactions Without Knowing the Risks

As technological advancement hurtles as headfirst into a realm of innovation never before seen in human history, it is important to take stock of these advancements and figure out how they impact the world around us. The previous year has created a huge paradigm shift in terms of how businesses interact with their various clients, and one thing that this has ended up doing is that it has created a situation wherein even more innovation has started to arise to facilitate the shifting economic landscape.

One of the main requirements of commerce in 2020 was that people needed to be able to avoid touching each other as well as various surfaces due to risk of possible contamination by the coronavirus. QR codes were generally seen as the best possible solution in this regard, and according to a study conducted by Ivanti about 83% of respondents said that they had used this technology for the very first time to complete a transaction over the course of the previous year, something that indicates that the tech is starting to become a plot more widespread in quite a few different ways.

However, it is important to note that many of these consumers are unaware of the implications of QR usage and as a result of the fact that this is the case they don’t know about the dangers that could arise if it becomes the standard way in which people buy and sell things. For one thing, 51% of respondents said that they didn’t have any kind of software applications on their devices that could function as a form of security, thereby making it rather easy for malicious actors and the like to intercept various transactions and possibly inflict serious financial damage on unsuspecting individuals.

There are a lot of other risks that users should be aware of. For example, a QR code can end up downloading an application onto your phone which is something that only 37% were aware of. A very small percentage of people, 22% to be exact, knew that physical locations could be given away through the use of QR codes as well. Consumers will need to be educated about these things so that QR usage can end up becoming the standard transactional medium without the various risks involved getting in the way.


Read next: Finally, Reports Show That Users Are Getting Better At Identifying and Dealing With Phishing Scams

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