Latest Fraud Scams - Bank of Cyprus

Latest Fraud Scams

Under this section we will be updating you regarding the latest fraud scams.

  • Fraudsters contact you offering highly realistic fake  investment opportunities, such as investing in cryptocurrencies, offering guaranteed, or extremely  high returns in a very short period of time. Usually, they contact you by phone or on social media platforms, advertising fake investments and trying to convince you to invest your money. 

    Learn more about this type of fraud

  • Fraudsters use deepfake technology (AI) to create convincing video clips of a Bank’s Executive endorsing a FAKE Investment app. The videos often appear professional, showing the “executive” endorsing high-return schemes or exclusive investment opportunities. These clips are circulated through social media, phishing emails, and messaging apps to lure victims. 

    Learn more about this type of fraud

  • The most common form of fraud today is Phishing. Although it has different variations this type of Fraud relates to the receipt of an SMS or email which looks like it’s from a legitimate authority or organisation.

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