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Scams in Cyprus: what to watch for right now

A plain summary of the scams official agencies in Cyprus warn about most, with the latest published figures and the fastest way to get help.

By the TapSafely editorial teamUpdated

The numbers

Cyprus recorded about 16 thousand fraudulent payment transactions worth almost 4 million euros in the first half of 2025, up 30% in number and 66% in value on a year earlier.

Central Bank of Cyprus

In the first half of 2025, 59% of fraudulent credit transfers in Cyprus happened because the payer was tricked into sending the money.

Central Bank of Cyprus

The average fraudulent credit transfer in Cyprus was 5,472 euros in the first half of 2025, compared with 2,102 euros across the euro area.

Central Bank of Cyprus

Scams to watch for in Cyprus

Common in Cyprus

Phishing and fake bank messages

Cyprus Police warn about phishing with fake bank websites and say your bank will never contact you by email about such matters.

How to spot it
Common in Cyprus

Investment and crypto scams

The Central Bank of Cyprus warned in February 2025 that crypto-asset investments carry risks of substantial losses and fraud, and Cyprus Police list investment fraud among the main fraud types.

How to spot it
Common in Cyprus

Online buying and selling scams

Cyprus Police warn about online sales with unusually low prices or fake documents, and the Central Bank of Cyprus warns about fake payment pages in marketplace deals.

How to spot it
Common in Cyprus

Romance scams

Both Cyprus Police and the Central Bank of Cyprus list romance fraud, where criminals build trust before asking for money.

How to spot it
Common in Cyprus

Deepfake impersonation

The Central Bank of Cyprus warns that criminals use fake videos, images and cloned voices to pose as banks, authorities or family members.

How to spot it

Who scammers pretend to be

BanksPoliceTax and financial authoritiesInsurance distributorsIT companiesFamily members

Never trust a call, text or email just because it uses one of these names. Contact the organisation using details you find yourself.

If you've been scammed in Cyprus

  1. Stop any further payments and contact your bank through its official channels straight away.
  2. Report the fraud to the Cyprus Police Office for Combating Cybercrime through its online Cybercrime Reporting Platform or the Cyprus Police mobile app, or call +357 22808200.
  3. Change the passwords on your devices and accounts.
  4. Before investing, check the firm with the Cyprus Securities and Exchange Commission (CySEC) at cysec.gov.cy.

Where to report a scam in Cyprus

Reviewed 2026-09-16. Services change, so check the official site if a link doesn't work.

Scam Weather for Cyprus

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Questions

What are the most common scams in Cyprus?

According to official sources: Phishing and fake bank messages, Investment and crypto scams, Online buying and selling scams, Romance scams, Deepfake impersonation.

What should I do first if I've been scammed in Cyprus?

Stop any further payments and contact your bank through its official channels straight away. Report the fraud to the Cyprus Police Office for Combating Cybercrime through its online Cybercrime Reporting Platform or the Cyprus Police mobile app, or call +357 22808200.

Who do scammers pretend to be in Cyprus?

Official warnings mention Banks, Police, Tax and financial authorities, Insurance distributors, IT companies, Family members.

Official sources and further reading

Figures and warnings on this page come from these official sources.