Report: Chinese government-run facial recognition system hacked by tax fraudsters


A group of tax scammers hacked a government-run identity verification system to fake tax invoices. The fake tax invoices from the criminal group were valued at US$76.2mil. — SCMP

Identity verification using facial recognition is widely adopted in China, as the technology has become an integral part of apps from mobile payments and travel to retail, as well as surveillance systems and online platforms for government services.

That development, however, has made cybersecurity a major issue in the world’s second-largest economy, where a group of tax scammers has been caught hacking a government-run facial recognition system to fake tax invoices and make millions of yuan in the process, according to a report by the Xinhua Daily Telegraph. Invoices issued by the State Taxation Administration are used to track payments and help crack down on tax evasion.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Data privacy

   

Next In Tech News

How 'CoComelon' became a mass media juggernaut for preschoolers
Evolution of smartphone damage: From drips to drops
Are you tracking your health with a device? Here's what could happen with the data
US judge rejects SEC bid to sanction Elon Musk
What's really happening when you agree to a website's terms of service
Samsung ordered to pay $118 million for infringing Netlist patents
Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with another $4 billion
Factbox-Who are bankrupt Northvolt's creditors?

Others Also Read