{"id":16423,"date":"2023-12-05T10:36:42","slug":"positive-impact-and-security-risks-of-qris-in-banking-transactions","title":{"rendered":"Positive impact and security risks of QRIS in banking transactions"},"content":{"rendered":"

\"QRTechnological advancements in the banking sector have created a significant impact, providing convenience for customers in conducting financial transactions. One notable recent innovation is the QRIS (Quick Response Code Indonesia Standard), a QR code-based payment standard developed by Bank Indonesia. QRIS aims to facilitate QR-based payments domestically, offering a more efficient and modern way to handle financial transactions.<\/span><\/p>\n

This QRIS standard comes with various advantages, including simplifying payment processes, accelerating transaction speeds, and enabling transactions without the need for carrying physical cash or cards. This not only facilitates customers but also reduces the risk of cash loss or theft.<\/span><\/p>\n

However, behind the convenience for customers in transactions lies a vulnerability exploited by wrongdoers.<\/span><\/p>\n

Modes of embezzlement<\/b><\/h3>\n

In a recent case, a viral video confession revealed a cashier who <\/span>embezzled<\/span><\/a> company funds by using her personal QRIS. In this scheme, the cashier employs her personal QRIS when customers make transactions instead of using the company’s QRIS. Exploiting this weakness, perpetrators take advantage of the fact that customers generally do not scrutinize QRIS codes closely. Consequently, the purchase funds go directly into the perpetrator’s personal account. To conceal their tracks, the wrongdoer reprints receipts from previous transactions, which are then handed to customers who have just conducted transactions.<\/span><\/p>\n

Fraud cases through QRIS are not isolated incidents. Earlier this year, <\/span>mosques<\/span><\/a> in Jakarta were in the spotlight due to cases of QRIS misuse for fraudulent purposes. QRIS, intended for virtual donation boxes for congregants, was replaced with the perpetrator’s personal QRIS.<\/span><\/p>\n

Integrity Asia’s employment background screening service: Initial mitigation steps<\/b><\/h3>\n

Fraud cases like the one mentioned above are uncovered when companies or organizations experience a decline in revenue. After conducting audits and investigations, it was revealed that the employee themselves played a role in the fraudulent activities.<\/span><\/p>\n

The modus operandi of QRIS fraud by employees highlights the need for preventive action. Several mitigation steps that companies can take include rigorous recruitment processes, thorough background checks on potential employees, and collaboration with third-party companies like Integrity Asia to conduct comprehensive candidate background checks.<\/span><\/p>\n

The case underscores the importance of mitigation steps that companies need to take to anticipate potential issues. Mitigation can be initiated from the recruitment process to audits as part of the control system :\u00a0<\/span><\/p>\n