Yan Yifan, of southern China’s Guangdong, has been convicted and fined for theft of virtual property, The Register reports.Yifan was an avid fan of the online game Dahua Xiyou since 2002, but temptation proved too much for the man two years later when he got himself a temporary position at the game’s publisher, NetEase, according to The Register.Yifan altered 30 existing accounts by creating fake identification cards and having passwords changed, and he eventually offered up online identities that weren’t his for sale, as well as the equipment associated with those accounts, The Register reports.After first being convicted in 2005, Yifan appealed the ruling, claiming that virtual property should not be protected by existing laws, The Register reports. However, the second court found that since players of the online game had dedicated time, effort and money toward the virtual equipment and Yifan profited from the sale of it, the virtual material did deserve protection under the law, according to The Register. The man received a fine of 5,000 yuan (roughly US$625), The Register reports.A number of Chinese attorneys predict the case could result in the creation of “virtual property rights,” according to The Register. For related CSO content, read Faked in China.For related news coverage, read China Shuts Down Website Selling Counterfeit Goods and China Ticketing Firm Takes on Fakes.Keep checking in at our CSO Security Feed page for updated news coverage. Related content feature Cybersecurity startups to watch for in 2023 These startups are jumping in where most established security vendors have yet to go. By CSO Staff Sep 29, 2023 19 mins CSO and CISO CSO and CISO C-Suite news analysis Companies are already feeling the pressure from upcoming US SEC cyber rules New Securities and Exchange Commission cyber incident reporting rules don't kick in until December, but experts say they highlight the need for greater collaboration between CISOs and the C-suite By Cynthia Brumfield Sep 28, 2023 6 mins Regulation Data Breach Financial Services Industry news UK data regulator warns that data breaches put abuse victims’ lives at risk The UK Information Commissioner’s Office has reprimanded seven organizations in the past 14 months for data breaches affecting victims of domestic abuse. By Michael Hill Sep 28, 2023 3 mins Electronic Health Records Data Breach Government news EchoMark releases watermarking solution to secure private communications, detect insider threats Enterprise-grade software embeds AI-driven, forensic watermarking in emails and documents to pinpoint potential insider risks By Michael Hill Sep 28, 2023 4 mins Communications Security Threat and Vulnerability Management Security Software Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe