The Bank of Cyprus urges its customers and the public in general to be extra vigilant as fraudsters increasingly use advanced technology and AI to create highly convincing fraud scams with the ultimate purpose of deceiving the public.
They claim to be the Bank, by leveraging deepfake visuals, promoting fake unique Investment opportunities which look authentic; They send posts via Social media and realistic unsolicited phishing emails & SMSs with links which redirect to fake webpages to deceive users into providing their credentials,