The victims had responded to ads for food items on social media and were later instructed by the scammers to download mobile apps from third-party sites.
Seven men and a woman, aged between 20 and 28, as well as a 16-year-old were arrested for their suspected involvement in the recent spate of banking-related phishing scam cases involving malware attacks on Android mobile devices, said the police.
Victims lost a total of more than $221,000, including more than $114,000 of money from their Central Provident Fund accounts. Unknown to the victims, the apps, which contained the malware, enabled the scammers to access the victims’ mobile devices remotely and steal Internet banking credentials, OTPs, Singpass credentials, and other personal information found in the devices.
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