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How to Lose 20 Thousand or 20 Million RMB Using Alipay

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A woman from Jurong in Jiangsu province, a little to the east of Nanjing, notified police in March 2018 when she found ¥50,000 missing from her back account. Swift action from the Jurong police traced the crime back to an old phone number linked to her Alipay.

The woman had used her old phone number in order to activate her Alipay account and link her bank card. However, after getting a new phone number, she neglected to unlink her bank card before changing Alipay accounts.

Meanwhile, a person identified only as Yang, applied for a new phone number and, as fate would have it, he received the woman’s old number. Upon activating his new Alipay account using the phone number, he discovered the Jurong, Zhenjiang woman’s bank card linked to the account.

Instead of disconnecting her bank card, which he could not use because he did not know the password, he called Alipay and used the phone number and his personal identification to change the password. It was at this point he withdrew the money from the woman’s account, and as reported by Sina News, the man is now under detention.

Police have expressed the need to be vigilant with passwords and fingerprint verification when changing phones, numbers or accounts.

In January of this year, China Daily reported on a man surnamed Song, whom had received a “mysterious call” after which he was informed that ¥280,000 of Ant Micro loan money had been transferred through Song’s account and taken out. Elsewhere, in Zhejiang province, a man named Lin lost an incredible ¥27 million via his Alipay account.

American business magazine Forbes reports, “In the southern province of Guangzhou, a total of $14.5 million yuan were stolen in QR code scams, where fraudsters replaced legitimate codes with fake ones or embedded malware in them to steal personal bank account information. In the city of Foshan, police already arrested one man who stole more than ¥900,000 ($138,000) via fake QR codes”.

Third party payments and online fraud is becoming such a massive problem in China that the government is starting to sit up and take notice. What follows will no doubt be tougher restrictions and a tightening of security measures.

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