18 Persons Arrested For Suspected Involvement In Banking-Related Malware Scam Cases

A total of 26 people, aged between 16 and 55, have been arrested in Singapore for their alleged involvement in a banking malware scam. The scam involved luring victims via ads on social media platforms into downloading malware-ridden apps, providing fraudsters with access to the users’ bank accounts. The suspects face potential penalties of up to 10 years imprisonment and fines up to $500,000. The police are advising the public to avoid downloading apps from third-party websites or unknown sources.