When fintech anti-fraud is in progress! What types of scams are most prevalent? After reading it, you will understand

Fake online loan fraud, "pig killing plate", "housing pension", cancellation of campus loans... Have you heard of all these scams?

Recently, the high incidence of various types of telecommunications fraud has also aroused the vigilance of financial technology companies. On April 25, Beijing Business Daily reporters learned from multiple interviews that more than a dozen financial technology companies, including Ant Group, Meituan, Du Xiaoman, 360 Digital, Tongdun Technology, Lexin, Xinye Technology, Samoyed Cloud, Bairong Cloud Chuang, Rong360, etc., are upgrading anti-fraud means, and comprehensively containing them through various measures such as fraud identification and interception, linkage with the police, and anti-fraud propaganda.

Counterfeit platforms, rub hot spots

The pattern is constantly being renovated

A variety of online scams are sweeping the fintech industry, and consumers are invincible.

For example, a number of platforms interviewed by the Beijing Business Daily reporter introduced that recently many consumers have been induced by fraudsters to take loans on major financial platforms, and then transfer loans to the designated accounts of fraudsters, fraudsters not only defraud the victims of their own assets in this way, but also arbitrage the loan amounts of the victims on major financial platforms to maximize the income from fraud.

According to a number of platforms, the current high incidence of fraud is mainly counterfeit financial App fraud, fraudsters through text messages, advertising to publish fake company App links, and then induce users to download and register to provide personal information, and use bank card information errors as a reason to induce users to contact fake customer service, fraud on users.

In addition, the Beijing Business Daily reporter found through interviews that the most typical fraud at present includes the cancellation of "campus loan" scams, impersonation of public prosecutors law fraud, pig killing (false investment and financial management), false online loan fraud, interest rate adjustment scams, single fraud and other forms.

It is worth vigilance that at present, fraudsters are also constantly renovating their means, for example, in terms of identity, there have been many cases of impersonating government workers such as the Medical Insurance Bureau, the Health Commission, and the Central Bank in recent years; in addition, in terms of reasons, fraudsters will also rub on current affairs hot information, such as epidemic prevention and control, meta-universe investment, credit repair, etc.

Taking the new scam of "epidemic fraud" as an example, the scammers impersonate the platform staff, on the grounds that they are affected by the epidemic and the platform operation difficulties, to deceive the victims to pay the rising interest rate fees; in addition, there are scammers pretending to be epidemic prevention personnel, under the pretext of using the name of the flow of the tune, weaving the victims suspected of "spreading false information about the epidemic" and other crimes, after being denied by the other party, they will claim that the other party's personal information has been leaked, induce the victims to call the police, and transfer the phone to the fake police, who will request a transfer to the so-called "" on the grounds that the victim's funds are abnormal and cooperate with the investigation. Secure Account" to commit fraud. In the process, if the victim's bank account balance is insufficient, the crooks will also induce them to borrow money through the online platform.

Concealment and hazard escalation

Multiple difficulties to be broken

As the relevant person in charge of the US group told the Beijing Business Daily reporter on April 25, "Compared with the previous separate fraud model, there have been a variety of fraud superpositions recently, such as brushing orders + investment and financial management, or brushing orders + recharge cashback, etc. The scam combined with such multiple fraud models has higher concealment and harm."

In view of the continuous renovation of deception, how to prevent and control in advance, intercept during the event, and education after the fact has also become a difficult problem to be solved by multiple platforms.

As we all know, telecommunications fraud involves multiple links, including upstream black and gray production theft and trafficking of personal privacy data, counterfeit App third-party platform distribution and downstream money laundering distribution. Samoyed cloud related personnel told the Beijing Business Daily reporter that fake Apps generally change network operators, IP addresses, and web addresses, so it is difficult to block; in addition, the vast majority of deceived users are inactive users, and users have weak anti-fraud awareness, so they are easy to be deceived.

"In general, this type of scam is to gain the trust of users by pretending to be our name, and then create various situations for users to provide bank password information or directly make users pay various fees." A practitioner of Rong360 also said that many fraudsters use the company's electronic signature to deceive users' trust when sending fraudulent information, and users only find the platform after finding that they have been deceived, and it is difficult to track these fraudsters.

The relevant person in charge of Xinye Technology mentioned that compared with other scams, the current single fraud is more popular, and the scammers will make a fake App of the same name in the name of well-known merchants to deceive and increase credibility; when it comes to the biggest difficulty of anti-fraud, the person bluntly said that there are indeed users who have been brainwashed too deeply and have no doubt about the scammers.

It should be noted that at present, fraudsters have a clear population division, among which the elderly have also become their key "hunting" targets.

On April 25, the relevant person in charge of Ant Group told the Beijing Business Daily reporter that now the deception is constantly iterative, the words are updated quickly, it is more difficult for the elderly to identify, it is easy to believe in "sales" and "customer service", etc. The loss of property is not to say, it may also lead to physical damage. At present, the "housing pension" and "pig killing plate" type fraud for the elderly is higher, and the amount of loss will be higher than that of young people, and some elderly people's life savings have been deceived.

Intercept beforehand and educate afterwards

Multiple measures to comprehensively contain it

"Once the fraud path is not discovered in time and is quickly copied, it will bring huge risks to the subsequent operation and risk control of the corresponding institutions." Jin Tian, a senior researcher at the Digital Economy Research Institute of Zhongnan University of Economics and Law, told Beijing Business Daily that from the perspective of anti-fraud, institutions need to identify potential fraudsters more accurately and effectively, and then do a good job in the whole process of control before, during and after fraud.

The good news is that in response to a variety of fraudulent means, various financial technology companies are also stepping up to upgrade their "weapons" and comprehensively contain prevention and control.

For example, at the level of prior prevention and control, the relevant person in charge of meituan introduced that the risk control model is the outpost of the meituan anti-fraud firewall, when the model judges that the user's operation behavior is abnormal, it will immediately identify whether the user has a potential risk of being deceived, which triggers the manual anti-fraud customer service to intervene and dissuade. In addition, in the face of the increasing incidence of telecommunications fraud cases, Meituan has set up an anti-fraud customer service team with real-time interception during the incident as the core to dissuade it. As of April 2022, Meituan's anti-fraud customer service has dissuaded more than 45,000 people and recovered more than 900 million yuan in direct losses for consumers.

360 Digital Branch also said that as a technology enterprise, for the prevention of users from being infringed by telecommunications fraud, the development of risk control early warning, manual interception, tracking and other protective measures, but also for the protection of personal information to establish a full-link data management system; Xinye Technology mentioned that has been on the App line a number of anti-fraud rules and set up anti-telecommunications fraud marquee, for high-risk groups, in the confirmation of the loan link grading using direct interception, manual reminder, mandatory anti-fraud pop-up window reminder and other measures, as of now, It has intercepted nearly 41,000 high-risk telecommunications fraud behaviors, involving an amount of 720 million yuan; direct interception and blocking of fraud amounted to 300 million yuan; anti-fraud pop-up window reminders 310,000 times, involving an amount of 2.5 billion yuan.

"As of 2022, our company has successfully intercepted nearly 8,000 defrauded users, intercepted 125 million yuan, and identified 115,000 suspected money launderers." Du Xiaoman also showed the latest anti-fraud "report card" to the Beijing Business Daily reporter.

However, Pan Helin, co-director and researcher of the Digital Economy and Financial Innovation Research Center of Zhejiang University's International United Business School, said that financial anti-fraud requires an information connectivity mechanism, and it is difficult to find fraud in advance by relying on financial platforms to track the trajectory of transfers, so it is necessary to have a leading department to find these fraudsters through the tracking of funds. In his view, cracking a fraud case requires information from the telecommunications sector, information from financial payment institutions, and joint law enforcement by the local police, and it is difficult to achieve efficient governance if there is no leading department to coordinate the relationship between various departments.

The industry agrees that anti-fraud governance needs to link ecological forces, especially for the issue of personal privacy data leakage, which needs to be jointly managed by all parties.

In this regard, Lexin told reporters that the Nanchang police had previously cracked a new type of online black industry gang fraud case with the assistance of the Lexin security team, and the black industry gang implanted the payment link into the gambling website after initiating a virtual order transaction on the Lexin platform to induce users to pay for recharge. Lexin combed the clues through the "Skynet Intelligent Anti-Fraud System" to cooperate with the police to crack the case, the police arrested 3 major suspects, and has now intercepted a total of 7 million yuan of black trade, avoiding 3,000 people from being deceived.

At the level of publicity and education, Samoyed Cloud said that it is comprehensively monitoring public opinion, issuing anti-fraud announcements, and improving user reach; combined with the latest fraud cases, it continues to output some anti-fraud propaganda content in the form of comics, videos and other forms that users prefer; Rong360 also said that it is strengthening cooperation with the National Anti-Fraud Center and other institutions, through short videos, new media and other ways to carry out financial consumer education and protection, while insisting on implementing anti-fraud reminders in business processes.

For the elderly population, the relevant person in charge of Ant Group further said that it is more necessary to do more detailed and targeted anti-deception education in advance, break the case apart and crush the interpretation, and even refine the keywords to a sentence of the scammer, which needs to be carried out through multiple forms such as case videos and scene interpretations. This year, the "Blue Vest" will also unite with anti-fraud centers in various places to carry out targeted publicity for these types of high-incidence cases through various forms such as elderly lecture tour groups and anti-fraud videos for the elderly.

Beijing Business Daily reporter Liu Sihong