SINGAPORE: Two 16-year-old boys were among 18 people arrested during a two-week enforcement operation for their suspected involvement in a recent string of banking-related malware scams.Eleven other people, including two 16-year-old girls, are assisting with investigations.
A 45-year-old man is believed to have withdrawn money from a money mule's bank account and handed it to an unknown person.Those found guilty of acquiring benefits from criminal conduct may be jailed for up to 10 years, fined up to S$500,000, or both. Unauthorised transactions were then made from the victims' bank accounts even though they did not reveal their internet banking credentials, one-time passwords or Singpass credentials to anyone.
"As a result, the scammers could log every keystroke, steal banking credentials stored on the phones, remotely log access victims’ banking apps, add money mules as payees, raise payment limits and transfer money to money mules," said the police.The police advised the public to not click on suspicious links, scan unknown QR codes or download mobile apps from third-party websites.
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