On the 8th of April, Cyprus Securities and Exchange Commission issued a warning regarding individuals scamming clients by posing as CySEC’s representatives. These individuals are informed to be soliciting investors for fees in exchange for enormous compensation claims related to firms under CySEC supervision.
Often these fraudsters operate by email, sending what looks like genuine messages with accurate addresses, stamps, and even CySEC officials’ signatures.
After gaining the trust of the reader, these scammers often act as a helping hand to assist investors in gaining compensation for damage in connection. With this process, fraudsters gain access to CySEC’s client’s personal information that they later use to further their goals.
CySEC has issued multiple warnings regarding this. CySEC hopes that the public stays confident but watchful, so they won’t fall prey to these scammers in the future.