Sunday, January 15, 2017

State Insurer Caught up in Eavesdropping Scandal

Chinese insurance regulator said that a state insurer used an iPhone and a voice recorder to eavesdrop on inspectors.

China Insurance Regulatory Commission Shandong bureau said Saturday that the eavesdropping devices were found at the Weifang office of Yingda Taihe Property Insurance.

The regulator had been inspecting the Shandong branch.

On Jan. 6, inspectors found the iPhone and voice recorder taped under their chairs. Neither Yingda nor the regulator elaborated on how the tapping devices were found.

"Their purpose was to listen in on the discussions, so that they could obstruct and thwart inspections," sources with the insurance regulator said. more

This is why accounting firms who conduct on-site audits often have their dedicated offices swept for bugs. Smart. ~Kevin