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Banking Bank Scam on the raise, What are your toughts

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ragk
post Jun 16 2022, 10:31 AM

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As an IT guy, my advise for commoner is

#1. Download App from playstore only, never download anything through link.
#2. When redirected to bank transfer page by 3rd party, always double check the URL, make sure its legit. Any IT guy with sufficient knowledge can easily clone the same interface to trick people.
#3. Remember your security phase and picture, always double check before login, these are the info that hacker cannot fake which only known by the bank.
#4. NEVER perform any confidential activity through FREE WIFI.
#5. This is my personal habit, deny all access request from the all application, until the moment u wanted to use it, thn it will pop the request again, and that moment u will knew whether the access request making sense anot. e.g. While using camera filter app, it will pop for camera access request, make sense, but if it's asking to access my contacts and SMS, thn that's fishy, why tf a camera app need to access them?

Pure text SMS alone cant do much thing, most likely the victim phone already infected by spyware early on, my guess is the SMS probably is just a trigger.

This post has been edited by ragk: Jun 16 2022, 10:35 AM
ragk
post Jun 16 2022, 05:23 PM

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QUOTE(bcombat @ Jun 16 2022, 04:55 PM)
Possible the terrible thing can also happen to iPhone, if we didn’t jail break it?
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Iphone is relatively safe for #1 and #5 mentioned above because Apple is strict on the application in their store, and doesn't allow external download source. But it's just relatively safe, so better safe thn sorry for #5.

As for #2 to #5, it apply to all phone.
ragk
post Jun 17 2022, 11:01 AM

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QUOTE(Wei6737 @ Jun 16 2022, 11:52 PM)
Referring to the last paragraph, the whole fiasco is getting crazier. It is not just SMS/call, recently someone posted on facebook claiming that after answering those suspicious call, they tried to call the number on the back of their debit/credit card, it directed to the scammer, and when they tried with another phone, it goes to the legit call centre.
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Yeap malicious app can do many thing as long their app has been granted the sufficient access, it depend on how creative they wanted to carry out the scam
And many legit app also tend to request access that's very fishy, like Gmail wanted access to microphone, not saying that Gmail is going to sabotage my phone, but it's just annoying all the random app wanted to access all ur information

QUOTE(soul78 @ Jun 17 2022, 12:03 AM)
nothing to do with malicious apk files and all these bull la at this point in time. There are already statements made by those impacted that they did not install or have clicked on any linked in emails etc.

Banks have to investigate if police says this is not in their purview to investigate. If not it's up to BNM to find out what is the issue.

For now.. you do what you need to safeguard your hard earned money. If banks does not strike confidence from their investors is their problem that people would not put more cash in banks moving forward.

Steps I've taken to protect myself.
- Only have less than 5k at one time in bank.
- Keep more in EPF which requires more manual intervention.
- Limit bank footprint. Have only 1-2 banks.
- If possible have overseas bank if you're able.
- Keep some in cryptos. You are your own bank.
- Keep in physical assets. gold/silver.

Other possiblities:
- Joint account which requires 2 person to remove cash.
- Put money in investment platforms that uses more secure 2FA authentication like 30secs codes i.e google authentication type of platform.
- Secure your email with Yubikey as recovery and Remove your phone number from Gmail recovery procedure.
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Many case still related to malicious apk, at least from what I see from reported by the news, so it's still good to have those awareness
But I do believe some case is due to black sheep in the bank
Email is very good point too, since many of the account today linked to Gmail/Facebook login, its very jialat when ur mail/facebook account got compromise

This post has been edited by ragk: Jun 17 2022, 11:23 AM

 

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