Four 16-year-olds among 17 arrested for malware scams using Android apps to access bank accounts

Seventeen people were arrested for their suspected involvement in the recent spate of banking-related malware scam cases in an island-wide anti-scam enforcement operation conducted between July 17 and 28.

The victims would respond to advertisements for cleaning services, pet grooming, food items such as seafood and groceries on social media platforms like Facebook and were later instructed by the scammers to download Android Package Kit from a non-official app store to facilitate the purchase, leading to malware being installed on the victims’ mobile devices.

This means that the scammers could log every keystroke and steal banking credentials stored in the phones, allowing the scammers to remotely log in to the victims’ banking apps, add money mules as payees, raise payment limits and transfer funds out to money mules.

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