Cyprus Police Warn of Telephone Scam as Fraudsters Pose as Market Watchdogs

<p>A new wave of telephone fraud has surfaced where
scammers are masquerading as representatives from the Capital Market
Commission. According to a statement published on Cyprus Police News, these
impostors are proficient in the Greek language.</p><p> They
allegedly coerce individuals to disclose personal information or grant them
access to their computers. This scheme has prompted law enforcement to issue a
cautionary note urging the public to exercise extreme vigilance and refrain from
engaging in such fraudulent calls.</p><p>The fraudulent calls typically commence with the impersonator claiming to represent the Capital
Market Commission. They imply concerning activities within the victim's bank
account, aiming to extract sensitive information or gain access to their
computers.</p><p>Safeguarding against Phishing Attempts</p><p>Authorities have emphasized the importance of
recognizing the signs of this fraudulent activity. They stated that the Capital
Market Commission would not reach out through unsolicited calls demanding
personal details or computer access.</p><p>According to the statement which was shared by the <a href="https://www.financemagnates.com/tag/cysec/" target="_blank" rel="follow">Cyprus Securities and Exchange Commission</a> (CySEC) on its Twitter page, the regulators
have urged users to verify the identity of the caller. They have cautioned
them to refrain from disclosing personal information or granting access to their devices to suspicious individuals unless absolutely certain about the
authenticity of the caller.</p><blockquote><p lang="en" dir="ltr">