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[Sg] - Facebook scam ad leads to downloading of malware: 2 people lose S$99.8K CPF monies

UltimaOnline

Alfrescian (InfP)
Generous Asset
android-phone-scam-malware-police-advisory.jpg



https://mothership.sg/2023/06/cpf-android-malware-scam/
 

Willamshakespear

Alfrescian
Loyal
Some may be wondering how such scams are successful, more so with transfers from highly secure CPF, with even OTP verification process.

Ultimately, it's about allowing Remote Access with one's home computer or handphone, often auto configured by an app.

Originally, such apps were meant as teaching tools by school & investment firms, to show which button to click for an operation, etc, thru sharing of computer screen, which means the teacher has access to the student's computers.

Scammers use such methods thru seemingly innocuous apps to gain remote access to ones computer or handphone - seeing everything on one's handphone, including OTP...thus overcoming the verification process.

As a counter measure, each should own 2 handphones & 2 bank accounts - one for work, bank, & verified govt agencies for correspondence & verified double confirmed private & necessary transactions.

Another handphone would be for recreation, to watch videos, download games or online purchases, with the separate bank account having less than $200, so that if scammed by remote access, one would only lost a few dollars & not hundreds of thousands.

Furthermore, the scam would be revealed for authorities to investigate, making life difficult for the scammers over limited gains.
 

k1976

Alfrescian
Loyal
Are the 2 victims belong to PG or MG group, so that these old hero can Suka Suka withdraw CPF?
 

tobelightlight

Alfrescian
Loyal
How can a Singaporean lose cpf money? Can the cpf money able to transfer out of the account and become cold hard cash for usage?
 

tanwahtiu

Alfrescian
Loyal
Some may be wondering how such scams are successful, more so with transfers from highly secure CPF, with even OTP verification process.

Ultimately, it's about allowing Remote Access with one's home computer or handphone, often auto configured by an app.

Originally, such apps were meant as teaching tools by school & investment firms, to show which button to click for an operation, etc, thru sharing of computer screen, which means the teacher has access to the student's computers.

Scammers use such methods thru seemingly innocuous apps to gain remote access to ones computer or handphone - seeing everything on one's handphone, including OTP...thus overcoming the verification process.

As a counter measure, each should own 2 handphones & 2 bank accounts - one for work, bank, & verified govt agencies for correspondence & verified double confirmed private & necessary transactions.

Another handphone would be for recreation, to watch videos, download games or online purchases, with the separate bank account having less than $200, so that if scammed by remote access, one would only lost a few dollars & not hundreds of thousands.

Furthermore, the scam would be revealed for authorities to investigate, making life difficult for the scammers over limited gains.
AI can help solve these scams soon... and even catch these criminals...
 

Hypocrite-The

Alfrescian
Loyal


My question is, this advertisement...why is the advertiser not thrown into jail?

Scams often involve transfer to a local bank account n it get transferred out. Why the account holder not arrested?

And CPF is a one way account..out in cannot take out. So how can the scammers get the money?
 

laksaboy

Alfrescian (Inf)
Asset
My question is, this advertisement...why is the advertiser not thrown into jail?

Scams often involve transfer to a local bank account n it get transferred out. Why the account holder not arrested?

And CPF is a one way account..out in cannot take out. So how can the scammers get the money?

Good luck dealing with overseas scamming syndicates. Shithole island's kangaroo laws have no reach or power. :biggrin:
 
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