China's banks work to stay ahead of criminals as facial recognition scams grow

China's banks work to stay ahead of criminals as facial recognition scams grow

Photo: Proxyclick Visitor Management System / Unsplash.com

Beijing resident Li was appalled when she found that 430,000 yuan ($60,680) disappeared from her bank savings within minutes. The money transfer, which was supposed to be verified through facial recognition, went undetected, Li said.

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