They posed as a partner company via email and stole €38,650 – How the fraud was set up

Police in Larnaca are investigating a fraud case where perpetrators intercepted an email account to deceive a local company. By impersonating a business partner, the scammers requested a payment of 38,650 euros for a fake commercial transaction. The victim company transferred the funds to a fraudulent bank account before discovering the scheme. The police are urging businesses to verify payment requests via established telephone contacts to prevent such invoice-related fraud.