Scammers would access and perform unauthorised transactions from the victim’s banking account, before initiating a factory reset on the affected device.
, where scammers would initiate a factory reset on infected devices after the malware executes unauthorised transactions on the phone’s i-banking app.
Victims would come across advertisements for various services, such as home cleaning and pet grooming, and food purchases on social media platforms like Facebook and Instagram. “Unknown to the victims, their internet banking credentials would be stolen by the malware’s keylogging function upon the transfer,” the police said.
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