fraud electronic fraud

Police Investigates New Case of Electronic Fraud Impacting Limassol Investment Company

An investment services firm in Limassol recently fell victim to electronic fraud where the cybercriminals embezzled over $48,000. The incident occurred when an executive at the firm received a fraudulent request from a supposed company shareholder to transfer $48,250 to an electronic wallet. The executive complied, only to later discover during a call with the real shareholder that it was not a legitimate request. The Financial Crime Prosecution Office of the Limassol CID is currently investigating the incident. The Police have issued a public warning and provided preventive measures to avoid falling victim to similar frauds.