Title: Cyprus Witnesses Surge in Online Fraud Cases: Economy Crime Unit Issues Public Warning

A: Prevention of Internet, Mobile Telephone, and Post Fraud

The Economic Crime Investigation Office at Cypriot Police Headquarters has reported a surge in fraud cases, with online scams being a significant concern. This Unit is responsible for investigating complex fraud cases, both locally and in response to foreign requests for assistance. Here are some recommendations for staying safe from potential internet, mobile phone, and post fraud:

1. Beware of unsolicited communications: Be cautious of emails, text messages, or letters from unknown sources.
2. Avoid responding to suspicious messages: Do not respond to emails or messages from unknown sources claiming lottery winnings or inherited property, even if they ask for assistance with transfer fees.
3. Exercise caution when banking online: Verify the legitimacy of websites and sellers before making purchases. Double-check the accuracy of the information provided.
4. Secure payment methods when selling items online: Avoid accepting payments via cheques, credit cards, or international money transfer services when selling items online. Opt for secure payment methods or face-to-face transactions instead.

B: Online Buying and Selling Scams

Online purchasing and selling scams are the most common form of internet fraud, representing a significant concern for residents in Cyprus. These schemes typically involve sellers or buyers advertising goods below market prices on various platforms to attract customers.

Fraudsters’ tactics

Fraudsters may use fake identities, including misleading names and titles like ‘Company Director’, along with falsified addresses, to deceive victims. They may employ websites posing as transfer companies, which guarantee the secure collection of payment on behalf of customers when using their services. These sites quickly disappear once victims suspect they have been defrauded and refuse to pay.

Protecting yourself against online scams

To avoid falling victim to online scams, it is essential to verify the sellers’ or buyers’ identities and contact details. Research their reputation and seek reviews from other users before engaging in transactions. Always use well-known and secure payment methods, such as credit cards, PayPal, or bank transfers.