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.