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The global internet has made our lives a lot easier. Now, we can purchase goods and services online, apply for a loan, book travel tickets, invest in cryptocurrencies and other investment schemes, watch favorite movies and shows in different languages, communicate face-to-face with people living in different countries, etc. Nevertheless, this convenience has caused a new problem- Online financial fraud. Professional cyber criminals use multiple tricks and manipulation techniques to access the banking details of individuals or companies & take their money away quickly.
It's always disappointing to lose your hard-earned money. It threatens your financial stability and damages your reputation. Is online financial fraud recovery possible? How can I recover my lost money? Let's discuss all these.
Identify the Most Common Financial Fraud
The lack of awareness about common fraud tactics is one of the main reasons behind the growing number of cybercrimes worldwide. According to a report compiled by NatWest Group, more than 40% of adults believe they will not be the victims of an online financial scam. But remember cybercriminals can target even the most educated people and secured business organizations. Therefore, you must increase your knowledge about different types of online financial fraud and learn how to avoid that. Sufficient knowledge and preventive measures help you identify possible online schemes and protect your money from being stolen by cybercriminals.
Some Common Financial Fraud-- Fake Parcel Delivery Texts- 40%
- Social Media Marketplace Scams- 30%
- Artificial Intelligence (AI) Voice Cloning Scams-30%
- Money Request from Friend or Family Scams- 29%
- Event Ticket Scams-28%
- Cost-of-Living Assistance Scams-25%
- Tax Rebates Scams- 24%
- Refund Scams- 23%
- Deep-fake Celebrity Endorsement Scams-22%
- Get Rich Quick Investment Scams-22%
Secure Your Bank Account First
96% of all individuals in the United States of America have a bank account. Usually, they keep their entire wealth in bank accounts and make everyday online transactions. So, cybercriminals always try to take control of people's bank accounts and flee away with all the money.
So, if you receive messages about unauthorized transactions from your bank account, chances are higher that you fall victim to online financial fraud. Immediately report the scam to your bank and request an immediate suspension of transactions on your bank account. Also, change its login credentials and activate two-factor authentication. It will help prevent further money loss, as hackers can’t steal money from a suspended bank account.
Once you encounter financial fraud, report it immediately to the local police department. Share audio, text messages, Emails, communications, unauthorized bank account transaction messages, etc, with law enforcement agencies. They will investigate the financial scam, look for its perpetrators, and take all possible steps to recover the stolen money. Immediate reporting of economic crime and cooperation with police officers will help you track the digital footprints of the stolen money and increase its possibility of recovery.
Take Help From Funds Recovery Services
Remember, all your endeavors for lost fund recovery will go in vain if you are not acquainted with the latest Online financial fraud and recovery techniques. So, instead of wasting your precious time, contact us at Crystal Recoup. We have a team of professional and highly experienced funds recovery experts. After listening to the details of the financial scam you experienced, they will launch an investigation and take all possible measures to recover the stolen money as soon as possible.
The involvement of one or more cyber criminals in a financial crime, technologies used for online money transfer, legal jurisdictions, etc, affect the overall time and sources required for lost fund recovery. We regularly update you about the progress made in your case. If your money is recovered successfully, we will transfer it to your bank account per the established legal norm.
Use Cyber Insurance
Remember, in complex cases of online financial scams, sometimes it becomes difficult to recover the stolen money due to many reasons, such as late reporting, lack of supporting evidence, etc. In such a situation, think of utilizing your cyber insurance.
It will help you to recover losses caused by stolen funds, identity theft, interruption in everyday business activities, data breaches, etc. Multiple companies in the United States of America provide cyber insurance services to individuals and companies.
Get detailed knowledge about some cyber insurance schemes, analyze their pros and cons, and choose one. Depending on the cyber insurance policy and type of claim, most insurance companies cover damages worth $500,000-$5 million per occurrence. It will help individuals and business organizations to prevent total financial collapse after an online scam.
Take Help From FTC & IC3
In worse cases of online financial fraud, wherein a large amount of money is at stake, think of taking help from the Federal Trade Commission & the Internet Crime Complaint Center FTC can track cybercriminals and prosecute them as per the law. IC3 is an amalgamation of the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C). It transfers your scam report to relevant law enforcement agencies in your area. It will increase the overall possibility of funds recovery.
Conclusion
Online financial fraud recovery is a tedious and time-consuming process. By taking the above-mentioned steps, you can conveniently recover lost money. Don’t forget to use our funds recovery services. Our experts will investigate the financial crime using their expertise and tools & increase the overall possibility of reclaiming funds. We have helped many individuals and companies with our services and enabled them to regain their hard-earned money after a scam.
