Police in Cyprus investigate two separate online fraud cases

Cyprus Police are investigating two distinct cases of financial fraud involving significant sums. In Paphos, a 62-year-old woman reported losing 11,005 euros after a scammer convinced her to provide remote access to her mobile phone under the pretense of recovering previous cryptocurrency investments. The suspect subsequently transferred the funds to an unknown account. Separately, in Nicosia, a company reported the loss of 93,200 euros following a business email compromise. The perpetrators posed as a partner company, requesting via email that payment for a legitimate invoice be sent to a different bank account in another European country. Both investigations are being handled by the Economic Crime Investigation Units of the local police departments. Authorities urge the public to protect personal credentials and verify payment details before authorizing any financial transactions.