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A Larnaca-based firm has fallen victim to an online fraud scheme, resulting in a financial loss of €111,370, authorities confirmed. The company reported the incident to the Larnaca Financial Crime Investigation Unit.
The affected company had been handling payments for a partner firm, also located in Larnaca, directed to a Spanish business. Communications between the two companies were managed through a law firm in Spain.
In mid-September 2025, unidentified individuals reportedly gained unauthorized access to emails exchanged between the Spanish law firm and the Spanish company. The fraudsters sent invoices containing falsified bank account information, which went undetected and were processed by the Cypriot company.
As a result, two transfers were made to the fraudulent account on 29 October and 4 November 2025, totaling €111,370. The deception was uncovered only after the Cypriot firm contacted the Spanish company and learned the account was not legitimate.
The Larnaca Financial Crime Investigation Unit is actively investigating the case.
