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With control over the device, scammers can access and manipulate sensitive applications, including banking apps and SingPass, Singapore’s secure login system. This access allows them to intercept one-time PINs (OTP), transfer funds, and essentially drain victims’ bank accounts without their knowledge.

Red Flags and Warning Signs

Recognizing suspicious online activity is crucial to avoid falling prey to such scams. Red flags include:

• Unbelievably good deals: Offers that seem too good to be true likely are. Always approach such advertisements with skepticism.