Latest cybersecurity reporting from selected sources.

Meta on Wednesday said it disabled over 150,000 accounts associated with scam centers in Southeast Asia as part of a coordinated effort in partnership with authorities from Thailand, the U.S., the U.K., Canada, Korea, Japan, Singapore, the Philippines, Australia, New Zealand, and Indonesia

Group-IB has uncovered a scam operation impersonating Singapore officials using Google Ads and deepfakes

The Singapore police said Facebook is the top platform for online scams in the country

Also, phone cleaner apps are a data-sucking scam, Singapore considering the literal rod for scammers, and more Infosec in Brief Microsoft has spotted a malvertising campaign that downloaded nastyware hosted on GitHub and exposed nearly a million devices to information thieves.…

3 Countries Taking Different Approaches to Accountability and Victim CompensationGovernments globally are intensifying anti-scam measures, introducing new guidelines to banks, telecom providers and other key sectors to bolster security controls and mitigate fraud risks for consumers and businesses. Some new frameworks threaten to levy stiff penalties for non-compliance.

SMS Impersonation Scam Victims Must Be Made WholeSingapore regulators gave banks six months to institute real-time detection tools for blocking impersonation scams or else assume liability for stolen funds. A finalized framework published Thursday also shifts liability onto island-nation telecoms unless they block fraudulent SMS messages

INTERPOL said it devised a "global stop-payment mechanism" that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam.  The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to

The Singapore Police Force (SPF) has announced the extradition of two men from Malaysia for their alleged involvement in a mobile malware campaign targeting citizens in the country since June 2023

Hackers Used Dozens of Servers to Distribute Malicious Android AppsLaw enforcement authorities in Singapore, Malaysia, Hong Kong and Taiwan took down a cybercrime ring that used dozens of servers and hundreds of phishing pages across multiple jurisdictions to run a malware-enabled scam operation and steal tens of millions from victims' bank accounts.

Also: Crypto Hack Losses in 2023 Decreased by Over 50%This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users fell victim to 2023 crypto phishing scams, Singapore's prime minister had a deepfake problem, and 2023 crypto losses decreased by over 50%.

Won't someone please think of the banks? Singapore officials announced on Monday that next month they will deliver a consultation paper detailing a split liability scheme that will mean both consumers and banks are on the hook for financial losses flowing from scams.…

As QR codes continue to be heavily used by legitimate organizations—from Super Bowl advertisements to enforcing parking fees and fines, scammers have crept in to abuse the very technology for their nefarious purposes. A woman in Singapore reportedly lost $20,000 after using a QR code to fill out a "survey" at a bubble tea shop. [...]

A sophisticated scam-as-a-service operation dubbed Classiscam has now infiltrated into Singapore, more than 1.5 years after expanding to Europe

Singapore's safety scheme measures scam-combatting capability A newly implemented e-commerce rating system in the city-state of Singapore has rated Facebook's Marketplace as the least trustworthy e-commerce platform, behind Amazon and its Alibaba-owned Asian analogue Lazada.…

Plans to block more scam sites, share liability between banks and customers Singapore will step up up efforts to stamp out phishing and spoofing, ministers told the island nation's parliament on Tuesday.…