Android malware scam victims lost more than S$10 million in first half of 2023: Police
www.channelnewsasia.com
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.
  • Wabbitsmiles@lemmy.worldEnglish
    8·
    1 year ago

    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).

    • HidingCat@kbin.social
      3·
      1 year ago

      That must’ve been one heck of a social scam; probably got the person to input a lot of their personal details as well.

  • HidingCat@kbin.social
    5·
    1 year ago

    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.