fraud

YMTC, a major Chinese memory manufacturer, warns job seekers about recruitment scams. The company clarifies that all legitimate job postings are through official channels and that it will never request fees from applicants. YMTC urges vigilance and encourages reporting any fraudulent activity to authorities, promising legal action against those misusing its name.

A family’s financial loss, initially suspected as account compromise, was revealed to be a teen’s scheme involving ride-sharing and an online marketplace. The daughter used her mother’s account to order rides, then received payment from riders through a secondary platform. This sparked debate on the broad range of services offered by such platforms, including the potential for misuse and the need for stronger security protocols.

WeChat is cracking down on “tool people” who assist online scams by providing support like bank accounts, SIM cards, and technical help. These actions lead to user financial losses, damage platform integrity, and potentially violate the law, facing penalties up to three years in prison and fines. WeChat warns users to avoid activities like renting accounts, recruiting, or providing technical support that could unintentionally aid cybercriminals. This includes actions like selling accounts, aiding account unblocking, and transferring group ownership.