Financial Crime World

Banking Fraud Scams on the Rise in Cyprus, Warns Bank of Cyprus

The Bank of Cyprus has issued an urgent alert regarding a surge in fraudulent activities targeting unsuspecting victims. Over the past 24 hours, a wave of suspicious messages, emails, and mobile app notifications have been flooding inboxes, aimed at deceiving people into revealing sensitive information.

Clever Tactics Used by Scammers

According to the bank’s announcement, scammers are using clever tactics to trick customers into divulging their personal details, including:

  • Passwords
  • One-time codes (OTPs)
  • Card numbers
  • Other confidential information

The goal is to gain unauthorized access to accounts for fraudulent transactions or card usage.

Important Warning from Bank of Cyprus

In a stern message to its customers, the Bank of Cyprus has urged people not to respond to these scams or disclose any sensitive information. The bank emphasized:

“We will never ask you for personal details such as your 1bank User and Password, one-time codes (OTPs), confirmation numbers or other card information via email, SMS, phone calls or pop-ups or links.”

Reporting Suspicious Messages

To combat this surge in fraud, the Bank of Cyprus is advising customers to report any suspicious messages to its dedicated email address: [email protected].

Protecting Your Sensitive Data

The bank has also reassured customers that they will never initiate unsolicited requests for personal information and advised them to exercise extreme caution when dealing with unfamiliar messages. To protect your sensitive data, remember:

  • Never respond to suspicious messages or disclose sensitive information
  • Be cautious of unfamiliar emails, texts, or pop-ups asking for personal details
  • Report any suspicious activity to the Bank of Cyprus’s dedicated email address

Stay Vigilant and Protect Your Data

As the financial landscape continues to evolve, it’s essential for individuals to remain vigilant against these types of scams and take proactive measures to protect their sensitive data. Stay informed and stay safe!