Residents warned on rampant online banking fraud

Residents warned on rampant online banking fraudA number of Shenzhen residents had their money stolen when they were asked to upgrade their online banking systems in fake web sites. This prompted reports of online banking fraud to police and the banks.

People were getting text messages from a mobile phone number telling them that their online banking system for their banks have expired and needs to be upgraded. After giving their personal information, they found out that their passwords were stolen and money was withdrawn from their accounts. One resident didn’t think much of the message he gave his bank account and password to the website after receiving a upgrade successfully completed, he checked his account and found that 16,000 yuan have been withdrawn.

An online security expert said that there are 459 fake banking web sites appearing in the internet for the past weeks and around 143, 230 people already visited the web sites. The Bank of China and the police are already working on ways to resolve the problem, and Bank of China are sending out notices to clients warning them of swindlers. The bank is also asking clients to use the identity codes which the bank sends to their mobile phones when doing online business transactions.

This type of fraud targets people under 30 that are doing online shopping, and online banking services. Bank of China asks clients to do all online banking transactions in their official web site www.boc.cn and not to use online banking services on public computers, internet bars, or public libraries. Residents were also advise not to serve their bank details.

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