Online frauds increase while spam declines

Updated 2017-08-08 10:55:23 Shanghai Daily

Online frauds rose in the second quarter as criminals purporting to be from banks, online finance firms and e-commerce sites targeted high-value transactions, online security firm 360 said.

On the other hand, the volume of spam messages decreased, though residents in major cities, including Shanghai, Beijing and Guangzhou, still suffered from messages and calls, 360 said in its latest mobile security report.

Online fraud victims in China lost 17,582 yuan (US,548) on average in the quarter, double the 8,213 yuan in the same period last year.

A total of 6,870 online fraud cases were reported from April to June with losses of 120 million yuan.

Transfers by mobile bank applications, payment by barcodes and transactions via WeChat and Alipay still have loopholes and potential risks, according to industry experts.

A total of 2.34 billion spam "short messages" were found in the second quarter, half last year's level, 360 said.

Since 2016, the Ministry of Industry and Information Technology, and carriers including China Mobile, China Telecom and China Unicom, have been taking efforts to block spam and crack down on illegal organizations.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 24 2018 04:06:08

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 24 2018 04:06:08

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 24 2018 04:06:08

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords