Nanning real estate company customers defrauded using facial recognition

Customers of a real estate company in Nanning, China, had their properties sold without their knowledge by a dealer who used their facial information to access their bank details.

Customers looking to sell their houses were instructed to verify their identities on the town's official 'Yonje Deng' app. 

The data was then used by an intermediary posing as an employee of Nanning Youju Real Estate to transfer and mortgage the houses and pocket the proceeds.

The stolen proceeds reputedly amounted to nearly 10 million yuan (USD 1.53 million).

The individual was later arrested by the police, and the app updated and made more secure.