Cyprus police seek sender of malicious haircut SMS

Cyber crime police on Cyprus were investigating a case on Friday involving a malicious text message announcing that there would be a new haircut on bank deposits in the island-nation.

The ostensible author of the text, Dimitra Kalogirou, chief of the Cyprus Securities and Exchange Commission, denied sending the SMS and alerted authorities.

A 47.5 percent haircut on large deposits at the Bank of Cyprus took place in July last year, during the peak of the Cypriot financial crisis.