Cyprus police investigate two separate online fraud cases involving thousands of euros

Cyprus police are investigating two distinct cases of online fraud reported recently. In Paphos, a 62-year-old woman lost 11,005 euros after granting an unknown individual remote access to her mobile phone under the guise of recovering funds from a cryptocurrency investment. Meanwhile, in Nicosia, a company fell victim to a business email compromise scam, transferring 93,200 euros to a fraudulent account after receiving an email from an impersonator posing as a partner firm. The Nicosia incident occurred following a fake request on March 3, where the scammers provided new bank details for an invoice that was originally due to be paid to a legitimate associate. Authorities confirmed the payment was made to a bank in another European country. Both cases are currently being handled by the Financial Crime Investigation Units of the Paphos and Nicosia Police Departments. Police have issued warnings, urging the public to protect personal credentials and verify payment instructions before proceeding with transactions.