The number of overseas credit card fraud events has increased, and a group of small and medium-sized banks have closed the cross-border transaction function of their debit cards.

Since 2025, bank card overseas theft incidents have continued to attract attention from all sides. Securities Times reporters noticed that around the New Year's Day holiday in 2026, there was a significant increase in content on social media platforms reflecting credit card and debit card theft, involving several commercial banks including state-owned banks, joint-stock banks, and local small and medium-sized banks. In addition to assisting cardholders in locking and reporting lost cards, in order to safeguard user funds and optimize risk control systems, many small and medium-sized banks in provinces such as Hunan, Guangdong, Jilin, Hebei, and Hubei have taken the initiative to disable the cross-border transaction function for their debit cards. Industry insiders believe that while this measure can temporarily reduce customer fund security risks, in the long run, banks still need to fundamentally optimize from aspects such as customer segmentation, risk control system development, and transaction system upgrades.