A high-profile tax fraud scheme has raised more concerns about China’s lax data security practices. A pair of fraudsters used facial images purchased on the black market to create synthetic identities and set up a shell company that issued fake tax invoices worth as much as 500 million yuan (approximately $76.2 million USD) Chinas data protection laws have lagged far behind the pace of technological innovation. Some databases do not have any form of encryption, and those that do are often not strong enough to prevent data breaches.”]
Source: https://findbiometrics.com/fraudsters-use-deepfake-biometrics-hack-chinas-taxation-system-040103/