Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Suspects Apprehended in Banking Scams

August 15, 2023
Reading Time: 2 mins read
in News

 

In a large-scale anti-scam operation, the Commercial Affairs Department (CAD) and Police Intelligence Department (PID) have apprehended nine men, aged 18 to 43, and a 16-year-old youth, suspected of being involved in a recent series of malware-based banking scams across the island. Additionally, three men and three women, aged 17 to 60, are cooperating with ongoing investigations.

Authorities have reported a surge in cases where malware compromised Android mobile devices, leading to unauthorized transactions from victims’ bank accounts, even when they had not disclosed their internet banking credentials. Victims responded to seemingly innocent advertisements on platforms like Facebook, promoting services such as cleaning and pet grooming, only to be later instructed by scammers to download Android Package Kit (APK) files from third-party app stores, resulting in the installation of malware on their devices.

The scammers then manipulated victims into turning on accessibility services, allowing them to seize control of victims’ phones, steal banking credentials, and conduct illicit transactions.

The suspects allegedly facilitated these scams by relinquishing their own bank accounts, internet banking credentials, and Singpass details for monetary gain. Law enforcement authorities emphasize the need for caution while downloading apps and advise the public to avoid suspicious links, QR codes, third-party websites, and unknown sources. To protect devices, they recommend activating security settings that prevent the installation of apps from unfamiliar sources.

Penalties for those found guilty of criminal conduct can be severe, including imprisonment for up to 10 years and fines of up to $500,000. The suspects may face multiple charges, such as deceiving banks into opening unauthorized accounts and cheating. As the investigations continue, authorities urge the public to stay vigilant and informed about potential scams, offering resources such as the Anti-Scam Helpline for assistance and guidance.

Reference:
  • 10 people, including 16-year-old youth arrested for suspected involvement in malware scams
Tags: AndroidAugust 2023Banking TrojanCredentialsCyber NewsCyber News 2023CyberattackCybersecurityMalwareScamsVulnerabilities
ADVERTISEMENT

Related Posts

Qantas Wins Injunction Before Data Leak

Qantas Wins Injunction Before Data Leak

October 6, 2025
Smishing targets routers in Belgium 2025

Flagstar Settles Accellion Breach Case

October 6, 2025
Qantas Wins Injunction Before Data Leak

ParkMobile Settles 2021 Data Breach

October 6, 2025
Smishing targets routers in Belgium 2025

Georgia Tech Pays 875,000 In Cyber Fraud

October 3, 2025
Hackers Claim Deletion Of Nursery Data

IoT Routers Used In Targeted In SMS Phishing

October 3, 2025
Hackers Claim Deletion Of Nursery Data

Hackers Claim Deletion Of Nursery Data

October 3, 2025

Latest Alerts

Oracle Issues Security Alert

Hackers Exploit Zimbra Zero Day Flaw

CISA Adds New Flaws to KEV Catalog

Facebook Scams Target Seniors With Malware

Android Spyware Poses As Signal And Totok

Chrome Update Fixes 21 Security Flaws

Subscribe to our newsletter

    Latest Incidents

    Discord Reveals Data Breach Incident

    Abracadabra Hit by Third DeFi Hack

    Extortion Group Launches Salesforce Data Leak

    Hackers Target Oracle Apps For Extortion

    UK Renault Dacia Customer Data Stolen

    Hospital Cyberattack Leaks Patient Data

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial