State Securities Commission warns of identity thefts

In particular, the criminals have already obtained some pieces of identity information, including the user name and password of several clients.

With such information, the criminals will take control of the client's securities accounts and steal their money through various transactions.

Therefore, SSC has sent official documents to securities firms urging them to promptly find and fix any security vulnerabilities in their IT systems, particularly in online securities trading systems and other internet-connected systems.

The commission also urges securities firms to revise the transaction authentication process to reduce transaction risks. It suggests instant OTP verification for money transfer, money withdrawal, and any securities accounts changes.

Securities firms are also called on to put out warnings about identity thefts and request their clients to immediately change their current securities account passwords for security reasons.

Lastly, SSC recommends that securities firms keep their clients well-informed about the risks of personal data leaks and suggests ways to reduce such risks, including frequently changing securities accounts passwords and not sharing the passwords with accounts of different types.