# NVDB

China’s Finance Industry on Alert as OpenClaw AI Agent Sparks Security and Fraud Fears

China’s Internet Finance Association has warned that the open‑source AI agent OpenClaw poses serious risks to online finance, citing high default privileges, known vulnerabilities, malicious plugins and persistent memory that can expose sensitive data. The body urged consumers and firms to restrict installation and permissions, and to treat such agents as part of enterprise security governance to prevent fund theft, regulatory breaches and AI‑enabled fraud.