Android malware scam victims lost more than S$10 million in first half of 2023: Police (Singapore)
Android malware scam victims lost more than S$10 million in first half of 2023: Police (Singapore)
Over 750 cases of Android malware-related scams were reported in the first half of 2023, including 11 cases involving the unauthorised withdrawal of Central Provident Fund savings.
As a Singaporean, I'm shook that the system can be broken so seemingly easily.
As for a human being (myself) it is hard as it is to transfer my CPF (similar to a pension fund) for payments such as housing, medical, investments etc without having a million OTPs, gov app (Singpass) verifications etc.
All things considered, $100+K out of $10M is ~1%, is not much for scam amounts lost from CPF (pension).
That must've been one heck of a social scam; probably got the person to input a lot of their personal details as well.
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And this is why, as per another post about someone asking why their banking app doesn't work, banking apps are locked down much harder.
We need to educate people not to fall for this shit.