Problem with this type of technology is that there is no way to even test if it would be safe. You either have to just take the risk or not do it. And unfortunately someone else will likely take the risk even if we don't. So it makes more sense to me to try it and watch carefully.
BUT there is something that people aren't talking about much. This targeting isn't "kill all mosquitoes" it is "kill the mosquitoes that carry malaria" (Anopheles. Which are different from Aedes aegypti, which carry yellow fever, dengue fever, Zika fever and chikungunya). So doing this to Anopheles shouldn't affect the Aedes aegypti mosquito. So it is a tad safer than killing ALL the mosquitoes. But still potentially unsafe as other creatures may rely on them as a food source more than currently believed.
It also begs the question, can we try this out on a specific species that is far less widespread? Doesn't even have to be mosquitoes.
Disclaimer: Not a geneticist. If I stated something wrong please correct me! And please provide source material so I can read it. Thanks!