Android malware scams are a growing type of fraud that take advantage of the rise in digital payments and e-commerce. These scams are more sophisticated than traditional phishing tactics, as they trick victims into downloading fake apps or APK files designed specifically for fraud.
Victims are often targeted while trying to book services or buy everyday items, such as hiring a domestic cleaner or purchasing pet supplies. Once installed, these apps request excessive permissions, which may give scammers access to your device and allow them to steal sensitive banking information without your knowledge.
Victims are to transfer money purportedly for investment with the promise of attractive returns. Upon request for withdrawal of the funds, victims are asked for more money or scammers are not contactable.
Victims receive calls from impersonators of authorities i.e., officers from Bank Negara Malaysia (BNM), or Polis Diraja Malaysia (PDRM), or Lembaga Hasil Dalam Negeri Malaysia (LHDN); mongering fear to transfer money to resolve cases allegedly involving victims.
Scammers connect with victims using fake dating or social media profiles, pretending to look for romantic relationships. They gain victims' trust over time with the ultimate goal of manipulating targets into sending money to their bank accounts or revealing their credit card information.
Payments for completed simple online tasks are promised though the tasks require victims to use their own funds as capital. Scammers would request for more money to disburse the payments, or cut contact.
Scammers pose as licensed money lenders offer loans with low interest rates. Victims are instructed to pay various fees upfront to improve credit score before loan can be processed. After the money is transferred, the 'money lenders' are not contactable.
Scammers pose as sellers on e-commerce platforms - targeting victims looking to sell goods. After the victim completes the payment, the scammer is not contactable.
Money mules are scammed through lucrative job opportunities, promising fast and easy cash. Victims are paid to open a mule bank account, which hides the criminals’ identities and helps them cover the money trail.
