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Imagine a situation in which millions of dollars in your bank account suddenly disappear after successful online financial fraud. It can lead to your total economic collapse and cause great stress if the lost money is not recovered immediately. What should you do in such a difficult situation—investigating financial fraud yourself or taking the help of a professional company? What are the important ways to increase the chances of recovering stolen money? Let's talk about all these and see how financial fraud recovery works in most cases.
| Countries | Cyber attacks & scams (In Percentage) |
|---|---|
| United States | 65% |
| Japan | 8% |
| Brazil | 6% |
| Canada | 5% |
| Australia | 4% |
| Mexico | 4% |
| South Korea | 2% |
| Chile | 2% |
The number of cybercrimes continues to increase worldwide at an alarming speed. Professional cybercriminals often use multiple methods to cheat people financially and take their money away in the blink of an eye. Identity theft, insider trading, stealing credit/debit card data, phishing and social engineering, and crypto investment scams are some common methods of online financial scams. Online cybercriminals are so smart that they can deceive even the most tech-savvy and well-educated investors using different means.
What Should You Do After You Lose Your Digital Assets in A Financial Scam?
Encountering a financial scam is an awful experience for both individuals and companies. They lose access to their money and their reputation is at stake. You should take the following precautionary steps to significantly increase the chances of investment fraud recovery.
As explained above, online swindlers betray people using different means. So if someone scams you, stop online investment immediately and try to find out how they stole your money. Collect all pieces of evidence as far as possible. It could be a text message related to unauthorized banking transactions, suspicious emails from an unknown person, website or webpage hyperlinks, PDF files, screenshots, details of changes to E-account login details, etc. The presence of concrete evidence makes it easier for you to pursue cyber criminals with the help of law enforcement agencies and a financial fraud recovery firm.
Inform Your Bank About The ScamAs soon as you come to know that a financial scam has taken place successfully, hurry up and inform your bank regarding it. Depending on the intensity of the damage done, ask responsible bank officers to suspend transactions on your bank account immediately. The swift reporting of the incident will enable the bank to minimize the extent of the damage done by cybercriminals. Also, change the login details immediately to ensure that online hackers have no access to the remaining funds in your bank account.
Take Expert HelpFraud & scam recovery is not an easy task at all, as modern-day cyber criminals may be more dexterous than you regarding digital fraud. Suppose you have no concrete idea about getting your stolen money back. It's better to work with a firm that has expertise in investigating financial fraud and recovering lost digital assets.
At Crystal Recoup, we have a team of cyber experts. They investigate online scams from different angles, work with law enforcement agencies while investigating financial fraud, and try to recover lost digital assets. They have helped multiple individuals and companies recover their stolen money.
What Do Our Experts Do For Financial Fraud Recovery?
- They investigate the digital footprints of online financial scams and collect evidence as far as possible.
- During fraud investigations, they often use multiple technologies, such as biometric security, transaction monitoring, multi-factor authentication, and anti-phishing technologies to track lost funds and recover them.
- They also engage in litigation to pursue wrongdoers legally and force them to return your money.
How To Prevent Financial Fraud From Taking Place?
We are living in a highly digitalized world where the possibility of online financial fraud is always higher. So you should follow some recommendations to keep your digital money safe and prevent it from falling into the wrong hands:
- Before investing in any cryptocurrency, investigate its reputation in the market. Don’t visit suspicious-looking online investment firms. On the global internet, there are lots of sites that compromise the privacy of shared data. Their owners will never hesitate to take your money away through different scams.
- Practice safe Internet browsing. You should use updated software, anti-virus, and firewall on all internet-enabled devices. In such a scenario, you will automatically get instant alerts on your mobile phone or registered email ID when suspicious activities occur on your E-account.
- Always maintain the privacy of your bank account, as most online scams happen when you try to transfer or receive money digitally.
- Block some countries on your Inter-enabled devices, such as China, Russia, North Korea, Iran, Nigeria, etc. These countries are notorious for sending SPAM traffic on the global Internet & engaging in cyber attacks. Blocking them will help you effectively abolish spam websites appearing in your Google searches & minimize the possibility of digital scams.
- Don’t be tempted by any investment offer promising you heavy returns on a small investment. Always invest in genuine investment firms and be vigilant to protect your digital money.
