Singapore: Be careful of fraudsters hacking into your bank account and saddling you with debt

Hackers have also been using malware to take out bank loans using victims' accounts to get access to more cash. - PHOTO: LIANHE ZAOBAO via The Straits Times/ANN

SINGAPORE: Malware scammers not only empty victims’ bank accounts, they are also able to take up credit card and personal loans through a victim’s compromised banking app.

In malware scams, victims are typically tricked into downloading an app from non-official app stores that will allow the hacker to spy on their activities and take control of the device.