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Woman loses €127,000 in online scam

Cyprus Mail · 2026-07-02

AI SUMMARY

• What happened: An 84-year-old woman lost over €127,000 in an online scam after being manipulated by a fraudster posing as an employee of a financial trading platform. • Why it matters: This incident underscores the rising threat of online scams, particularly targeting vulnerable elderly individuals, and highlights the need for public awareness and caution regarding personal information sharing. • What to watch next: Authorities are investigating the case and have urged the public to remain vigilant against similar scams, emphasizing the importance of verifying unsolicited communications before disclosing any personal or financial information.

**Title: Woman Loses €127,000 in Online Scam**

An 84-year-old woman has become the latest victim of an online fraud scheme, losing over €127,000, according to a report from the police on Wednesday. This incident highlights the growing concern surrounding online scams and the vulnerability of elderly individuals to such fraudulent activities.

The woman received a phone call from an unknown individual who used a European telephone number. The caller claimed to be an employee of an online financial trading platform. Under the guise of legitimacy, the fraudster persuaded the woman to disclose her bank account details. This manipulation allowed the scammer to withdraw a substantial amount of money from her account, totaling more than €127,000.

In light of this incident, police officials have issued a warning to the public, emphasizing the importance of exercising caution when it comes to sharing personal and financial information. They advised individuals never to disclose bank account details or grant access to their electronic devices or online accounts to anyone they do not know or trust.

Authorities have also recommended that people verify any unsolicited calls or messages by contacting the organization directly through official channels before providing any personal information. This precautionary measure is crucial in preventing similar scams and protecting vulnerable individuals from financial loss.

The police continue to investigate the case and are urging anyone with information related to this incident or similar scams to come forward. As online fraud becomes increasingly sophisticated, awareness and vigilance are essential in safeguarding personal finances and sensitive information.

Source: Cyprus Mail
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