More than 50 victims have lost more than $10 million in the first half of 2023 after downloading malware onto their phones.
Victims would come across advertisements for various devices, including food purchase, home cleaning, and pet grooming, on social media platforms like Facebook and Instagram. After downloading and installing the APK file, which includes granting the app accessibility services, the victims would then be instructed to make a PayNow transfer of $5 as a deposit for these services.
After accessing and performing unauthorised transactions from the victims' banking accounts, the scammers would initiate a factory reset on the victims' devices.
Source: Financial Digest (financialdigest.net)
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