Online fraud in Cyprus is emerging as one of the most significant challenges facing law enforcement, as the growing use of digital services and electronic transactions creates new opportunities for international criminal networks.
Speaking to state radio, Police Headquarters spokesperson Vyronas Vyronos said that while figures show a slight increase in overall crime, this does not necessarily reflect a rise in serious crime.
The nature of crime is changing
Vyronos explained that some categories of offences, including domestic violence, are now classified as serious offences, while stronger protection mechanisms and a greater willingness among victims to report incidents are also affecting crime statistics.
At the same time, some criminal activity is shifting online, a trend seen not only in Cyprus but internationally.
Digital transactions bring greater risks
According to Vyronos, the increase in cybercrime is directly linked to the growing digitalisation of everyday life.
“People today make their purchases and transactions digitally, and as a result these crimes are increasing,” he said.
The issue is becoming increasingly significant from an economic perspective. As more transactions move online, new risks are emerging for individuals and businesses, while online fraud can directly undermine confidence in the digital economy.
Figures presented by the Digital Security Authority also illustrate the financial impact of cyber threats.
According to a survey, almost half of people in Cyprus, 49%, said they had experienced some form of cyberattack or digital security breach during the previous 12 months. Of those affected, 13% reported suffering financial losses.
Meanwhile, 47% of businesses said they had experienced a cyberattack or security breach, with the average financial cost among affected companies estimated at around €12,000.
International networks behind online scams
The police spokesperson said many online fraud cases are linked to organised international criminal networks, making it more difficult for investigators to identify those responsible.
While some investigations produce successful results, Vyronos said the international nature of such cases requires close cooperation with organisations including Interpol and Europol.
The growth of online fraud in Cyprus therefore presents investigators with cases that can extend well beyond the island’s borders.
Police invest in technology and public awareness
Vyronos said police have developed specialised services and tools to detect and investigate cyber offences, while also placing particular emphasis on prevention.
Whenever new forms of online fraud are identified, police issue public announcements aimed at raising awareness and reducing the risk of people falling victim to scams.
Public urged to remain vigilant
Police are urging people to exercise particular caution before making electronic payments or disclosing personal and banking information.
Vyronos said the aim is to increase public awareness and encourage greater caution when carrying out online transactions, helping to limit the financial losses caused by digital fraud to individuals and businesses.
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