![]() He added: “This makes it easier for hackers to discover and exploit security vulnerabilities in the software in case of developer mistakes. Kaspersky’s Mr Yeo said Android operating system software is open source, allowing anyone to modify it. There were 31,728 scam cases reported in 2022, up from 23,933 cases in 2021. In 2022, scam victims in Singapore lost $660.7 million, up from $632 million in 2021, bringing the total to almost $1.3 billion lost in two years. While banks will continue to do our part in surveillance and recovery efforts, the strongest defence against scams is a watchful and discerning public.” She said: “It remains critically important for everyone to practise cyber-security discipline by not clicking unknown links or installing unknown apps or software onto their devices. ![]() Mrs Ong-Ang Ai Boon, director of the Association of Banks in Singapore, said the risk of malware is not new and people have been warned of that for some time. And because victims lose control of their Internet banking account, they won’t even know when their savings have been completely wiped out.” Said Mr Chua: “This scam is so insidious because scammers take over the victim’s phone. He logs into the victim’s mobile banking app and transfers money out of his bank account. ![]() The scammer then accesses the camera to monitor the victim’s activity, waiting for the right moment to strike.Īt night, when the victim is sleeping, the scammer takes control of the phone through the malware. The scammer can also disable the facial recognition function, so the victim has to physically key in his details to log into his account, allowing the crook to record the information. ![]() The scammer waits for the victim to use his mobile banking app and notes his login credentials and password. He is also asked to enable Android Accessibility Service, an app intended to assist users with disabilities, which allows the scammer to view and control the victim’s screen. ![]() Mr Chua said that when the victim scans the QR code, he is prompted to download an app containing malware and is made to grant access to the phone’s microphone and camera. ![]()
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