ICBC helps fight telecom fraud and makes every effort to protect the safety of corporate funds

Mondo Finance Updated on 2024-01-30

Over the past year since the implementation of China's Anti-Telecom Network Fraud Law, the Industrial and Commercial Bank of China (ICBC) has taken the initiative to play the role of a line of defense and a gate, weaving a multi-layer "protective net" through measures such as intelligent risk control, joint prevention and control, innovative services, and enterprise publicity and education, and playing a good role in coordinating the "combination punch", making every effort to control the risk of fraud in corporate accounts, helping the masses to guard their "money bags", and effectively practicing the mission of finance for the people.

One day in November this year, the Industrial and Commercial Bank of China (ICBC) received an urgent order from the public security organs to freeze designated accounts, and the financial personnel of a certain enterprise in Hubei Province were deceived by criminals and transferred millions of funds from the enterprise to a fake enterprise account in the hands of criminals at two o'clock in the afternoon of the same day. After verification, the funds were intercepted by ICBC within two minutes after the transfer by the financial personnel, which successfully avoided losses for the enterprise. The weapon to detect the abnormal flow of funds in a timely manner and quickly intercept it is the "Rong'an e-core", an operational intelligent risk control system independently developed by ICBC. In July this year, the real-time anti-fraud model designed for the risk of fraud in corporate accounts in the system was fully launched, which has helped the public recover hundreds of millions of yuan in defrauded funds.

Intelligent risk control to build a comprehensive security line of defense

In view of the current new trend of organization, collectivization, industrialization and chaining of wire fraud crimes, ICBC has made every effort to promote the construction of an anti-fraud risk control system for corporate accounts and help enterprises build a strong anti-fraud firewall. By increasing the application of big data, artificial intelligence and other technologies in the whole life cycle management of corporate accounts, ICBC has built a real-time model of "Rong'an e-core" intelligent anti-fraud based on more than 3,000 characteristics of corporate accounts, such as customer attributes and fund settlement, to monitor the latest methods of telecom fraud 24 hours a day, and keenly capture risk information from massive transactions every day.

At the same time, ICBC has comprehensively improved the level of digital risk control management of online platforms, and built multi-level customer identity authentication methods and security measures. Set up matching e-banking quotas according to the identification of corporate customers, capital needs, risk conditions, etc., establish a risk transaction identification mechanism of "intelligent model + expert rules + various lists", as well as targeted and differentiated enhanced in-process verification measures, continuously strengthen the risk identification and risk blocking of e-banking transactions, and effectively protect the safety of customer funds.

Innovative services Accurate identification of shell companies

Since the beginning of this year, ICBC has provided efficient account opening services for more than 2 million small and micro enterprises, helping them take the first step in their business development. Through a series of products such as "ICBC Account Connect", ICBC provides enterprises with account and settlement services covering the whole business cycle, and uses direct verification of industrial and commercial registration information, consistency verification of mobile phone numbers, confirmation of face recognition willingness, verification of business address, etc., to understand the business appearance of enterprises. Through multiple measures, it not only realizes efficient and convenient services for market entities, especially small and micro enterprises, but also effectively prevents criminals from using shell companies to open accounts to transfer fraudulent funds from opening accounts and other links.

At the same time, ICBC actively carries out anti-wire fraud publicity and education activities for enterprises, relying on 1550,000 "ICBC Post Stations" have organized a series of activities such as "National Anti-Fraud in Action" and "Anti-Fraud in My Action", integrating legal popularization education and case publicity into enterprise services. The staff of ICBC's business outlets actively help customers understand the modus operandi of criminals and grasp the preventive measures, and promptly remind corporate employees, especially financial personnel, to improve their awareness of financial security, and be vigilant against being defrauded of online banking U shields in the name of "applying for loans" and "brushing up transactions", so as to help strengthen the use of corporate accounts in accordance with laws and regulations, and build a solid "safety net" for enterprises to prevent fraud.

Joint prevention and control to combat telecom fraud

In recent years, ICBC has established a coordination mechanism with anti-fraud centers at all levels of public security organs, and under the guidance of the National Anti-Fraud Center, it has carried out joint modeling of fraud-related risks in corporate accounts, quickly transformed the front-line experience in combating wire fraud into "capital chain" governance measures, and gave full play to the effectiveness of joint prevention and control. Grassroots employees integrate anti-fraud work into daily business processing, and with keen anti-fraud awareness and professional anti-fraud capabilities, they make every effort to identify the fraud of criminals and intercept a number of cases of fraud involving corporate accounts, which are praised by the local anti-fraud center.

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