Tencent’s “Guardian Plan” recently released the 2017 fourth quarter “Anti-Telecom Network Fraud Big Data Report” (in Chinese).

The report shows that the number of fraud calls dropped 78.2% from the same time in the previous year, and the number of text message scams saw a 75.4% decrease as well.

However, in terms of loss, the outlook is rather bleak. The aggregated loss from telecom and online fraud was RMB 4.39 billion in the fourth quarter alone. The total number of fraud cases grew 89% from the previous quarter, totaling 239 thousand cases. Although average loss per case dropped, the highest single case losses exceeded a record-breaking RMB 10 million, which was an online gambling fraud.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.