Victims lose about S$220,000, including CPF savings, in Android malware scams

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Victims lose about S$220,000, including CPF savings, in Android malware scams
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A 16-year-old was among nine people arrested for their suspected involvement in the phishing scam.

SINGAPORE: A 16-year-old suspect was among nine people arrested for their suspected involvement in a recent spate of malware scams targeting Android mobile device users.

Malware was used to compromise their mobile devices, resulting in unauthorised transactions from the victims’ bank accounts even though they did not reveal their internet banking credentials, one-time passwords or Singpass credentials to anyone. According to the police, victims had responded to advertisements on social media platforms like Facebook and were instructed by scammers to download mobile apps from third-party sites or via WhatsApp, resulting in malware being installed on their mobile devices.

"With the stolen credentials, the scammers gained illegal access to the victims’ CPF accounts by accessing the victims’ Singpass app and bank accounts."

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