Eight arrested in SG over links to mobile phone malware which resulted in unauthorised banking transactions

Singapore police said that since March, they have received numerous reports that malware was used to compromise mobile devices, resulting in unauthorised transactions made from victims’ banking accounts even though they did not divulge their one-time passwords to anyone. — Image by rawpixel.com on Freepik

SINGAPORE: Eight people, aged between 19 and 35, were arrested for their alleged involvement in a recent spate of banking-related malware incidents.

The police said on Thursday that since March, they have received numerous reports that malware was used to compromise mobile devices, resulting in unauthorised transactions made from victims’ banking accounts even though they did not divulge their one-time passwords to anyone.