CySEC identifies faux account on social media utilized by impersonators

The Cyprus Securities and Change Fee (CySEC) has recognized a faux account on social media platform Instagram with username «cysec_cy», which has been maliciously created and doesn’t belong to CySEC.

By this Instagram account, individuals fraudulently presenting themselves as CySEC officers or representatives, who’re soliciting buyers for charges in trade for allegedly settlement of bogus compensation claims associated to companies beneath CySEC supervision.

CySEC emphasizes that it by no means makes contact by phone or sends unsolicited correspondence and doesn’t request private information, monetary or in any other case.

The regulator urges buyers to contact CySEC to verify the authenticity of communications by contacting [email protected] earlier than taking any motion.

Real emails from CySEC embody addresses ending in gov.cy – though there have been circumstances the place fraudsters have additionally cloned these as nicely.

CySEC has no authority or jurisdiction to gather charges for any function from particular person buyers, nor does it have authority to nominate anybody to take action on its behalf. CySEC doesn’t authorize, confirm, monitor, or is in any manner concerned at school actions, compensation schemes, funds between pure or authorized entities or any public or personal companies.

The Fee urges the general public to stay vigilant concerning any unsolicited communication from CySEC, to chorus from giving cash to anybody who claims any or all the above, or comparable.