The Police in Nicosia are looking into a new case of internet fraud. A company in Nicosia lost over 123,000 euros.
Last November, the company got an email that seemed to be from a partner abroad. The email said the partner had changed its bank account. It instructed that all payments for goods should go to the new account.
Following the email’s instructions, the Cypriot company paid a total of 123,943 euros between December and January 26. When the director contacted the partner company yesterday, they found out that the account had not changed. This revealed the fraud.
The Financial Crime Investigation Unit of Nicosia’s CID is on the case. The Police remind everyone that before making any payment, it’s crucial to verify requests by calling partners, using numbers confirmed from past transactions. Company owners and directors should inform their staff about this type of fraud and set up payment verification procedures.
