Massive Scam Involving 1,899 Victims and Stolen NT$780 Million Through Trojan Horse App

Reported 7 months ago

With the cooperation of the Criminal Investigation Bureau, Malaysian, and Singaporean authorities, a fraudulent group was busted for using a mobile Trojan horse program to siphon money from people's bank accounts, victimizing 1,899 individuals last year and swindling over NT$780 million. The scam involved deceiving victims into providing their bank account information under the guise of offering cheap goods, allowing the culprits to remotely access their phones, transfer all their savings through online banking to bank accounts in Malaysia, and launder the money through purchasing virtual currency. Six suspects from Taiwan and Malaysia were arrested by the three countries' authorities for their involvement.

Source: YAHOO

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