Mobile banking users lose thousands of dollars to hackers

Mobile banking users in Singapore have lost thousands of dollars after they fell victim to malicious software targeting Android smartphones.

The Association of Banks in Singapore (ABS) yesterday issued a warning against the malicious program, hidden in a pop-up window that prompts users to update their software.

Some 50 mobile customers of major retail banks here reported losses of up to “several thousand dollars” after clicking on the dubious link, prompting ABS to issue the warning. For the full article click here 

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