ONLINE SCAM RECOVERY
A scam or fraud is any scheme used to defraud you of money or your personal information. Always keep in mind that it could be a scam whenever someone reaches you suddenly, whether it’s via phone, mail, email, online chat, in person, or via social media. Scammers prey on a large number of people, frequently for little money. They keep improving their methods, which makes scams more difficult to detect. The majority of scammers originate from abroad, although they might pose as being local if your account has been hacked on social media or from a legitimate business, bank, or government body. Once your money has been transmitted outside, it is quite difficult to get it back.
At Digital Currency Reclaim, we have mastered the inner workings of the various online scams, and devised sophisticated means to recover your losses.
TYPES OF ONLINE SCAMS
- ADVANCE FEE FRAUD
In exchange for products, services, money, or prizes that they never deliver, a con artist seeks upfront costs or personal information. Scammers fabricate persuasive motives for demanding money, such as paying fees or taxes, that appear legitimate. They frequently demand payment through an international wire transfer. These scams are sometimes mass-marketed by con artists who deliver them, typically by email or mail, to thousands of recipients simultaneously throughout the world.
- ONLINE DATING AND ROMANCE SCAMS
On reputable dating platforms, scammers create fake profiles. They attempt to connect with you using these profiles in order to obtain your money and personal information. The con artist will get to know you well before requesting money to cover expenses related to an accident, illness, trip, or family emergency. Scammers try to prey on your feelings by appealing to your compassion. Sometimes it takes the con artists months or even years to establish rapport.
- HACKING/PHISHING SCAM
You appear to get an email from a reliable source, such as your bank, cryptocurrency wallet, PayPal, Apple, or Amazon, in this phishing attack. The message will persuade you to click a link and log into your account by telling you, typically, that your account has been locked or that a sizable sum of money has been transferred. The link in the email really directs you to a bogus website where your information is collected. Another variation of this scam comprises an email attachment that appears to be a form or voucher but is actually a computer infection
- RANSOMWARE ATTACK
A ransomware attack is a form of malware attack in which an attacker seizes the user’s data, folders, or entire device until a ‘ransom’ fee is paid. Ransomware attack exploits the open security vulnerabilities by infecting a PC or a network with a phishing attack, or malicious websites. A ransomware attack compromises a user’s computer by either locking the user out of the system or encrypting the files on the computer and then demanding a payment (usually in Bitcoin) to restore the system or files.
- INVOICE REDIRECTION FRAUD
This kind of fraud entails criminals contacting companies or vendors, mostly via email, but occasionally via phone or another form of communication. The criminal asks that the bank account information listed on your financial system for the legitimate supplier be updated under the guise of being a provider of goods or services you already do business with. When the same supplier’s invoice comes in the future, instead of going to the supplier’s account, the money is transferred to one controlled by the criminal. Due to this, there is a huge cash loss that might not be noticed until the legitimate supplier sends a reminder email. In such circumstances, the company not only loses money but also must still pay an unpaid invoice to the rightful vendor.
- CEO FRAUD
This type of fraud is comparable to invoice redirection fraud, but in this instance, junior employees in the finance department of a company receive an email from a criminal posing as the Chief Executive Officer demanding that a sizable payment be processed right away due to an important deal or other urgent matter. The employee follows the email’s instructions and transfers a substantial sum of money to the designated bank to conclude the deal because they are intimidated by the CEO’s involvement and the email’s general tone of secrecy. When the employee finally works up the nerve to notify someone else, it turns out that the CEO is unaware of the transaction and that the email given was fake. At this time, it is too late to reverse as the money is gone.
- INHERITANCE FRAUD
Inheritance fraud occurs when you are informed that a wealthy person has passed away and you are eligible to receive a sizable inheritance. You receive an email or letter claiming to be from a foreign lawyer or another legal representative, whereas it’s a fraudster, who informs you that someone with your family name has passed away and left a sizable inheritance.
If you reply to the con artists, they will demand payment of a variety of costs, such as taxes, legal fees, banking fees, etc., in order to release your fictitious inheritance
- AUTHORIZED PUSH PAYMENT (APP) FRAUD
When you send money from your bank account to a con artist, whether consciously or unknowingly, you are engaging in an authorized push payment (APP) scam. For instance, a con artist may pose as a member of your bank’s fraud squad and advise you to transfer your funds to a safe account, but in reality, the account is under the fraudster’s control
- BANKING SCAMS
The goal of banking scams is to gain access to your bank account. Typically, a person who has earned your confidence will send you a check and provide you instructions on how to deposit it in your account and wire them some of the proceeds. If you cash the check, though, you might be signing up for a loan you didn’t request or authorizing the purchase of goods, so you’ll have to reimburse your bank the amount of the check in addition to losing any money you wired. In certain other situations, a con artist sets up automatic withdrawals from your bank account to be eligible for a trial offer or to claim a reward. You then get an email asking you to confirm your bank account or your debit card details
- CREDIT CARD FRAUD
Fraudulent use of a credit card is intended to obtain products without paying for them or to steal funds from another person’s credit account. Your credit card is skimmed when it is stolen or lost by a credit card fraudster. A sophisticated swipe machine is used to create a replica of the card in order to authorize purchases. Often through online databases or through email scams, fraudsters harvest credit card information, including the number, name, birthdate, and address of the cardholder, which is then sold and used online or over the phone. They occasionally use the card information of their victims to submit false applications for new credit cards in an effort to obtain credit
HOW TO PROTECT YOURSELF FROM ONLINE SCAMS
- Anyone can fall for a scam; it has nothing to do with your IQ. However, if you are aware of the warning signs, you are less likely to be duped. Don’t be silent if you’ve been a victim. You can follow some instructions to safeguard both yourself and other people.
- Block telemarketers’ calls and texts. Take action to screen undesirable texts and ban incoming calls.
- Never divulge your money or personal details in response to an unexpected request. In order to obtain your personal information, such as your Social Security, bank account, or credit card numbers, legitimate businesses won’t contact you by phone, email, or text
- It’s still advised to avoid clicking on any links even if you receive an email or text message from a firm you do business with and you believe it to be authentic. Instead, get in touch with them through a reputable website. or try finding their phone number. Caller ID numbers or numbers you were given by them should not be called.
- Defy the urge to take action immediately. Genuine companies will give you some time to think things over. Scammers are those who demand money from you or demand that you divulge personal information.
- Learn the tricks that con artists use to get you to pay. Never send money to someone who demands you use a gift card or a money transfer service. Additionally, never deposit a check and then send money back to a recipient.
- Talk to a trusted person now. Before you do anything else, explain what happened to a friend, a family member, or a neighbor. You might recognize it’s a fraud if you discuss it with someone
HOW TO RECOVER FROM AN ONLINE SCAM
Digital Currency Reclaim will keep up the fight hard to make sure the perpetrators are made to pay for their actions.
Please get in touch with Digital Currency Reclaim (DCR) if you’ve fallen victim to online fraud or scams involving any type of fraudulent transaction. We’ll go over your choices and assist you in beginning the process of recovering your assets. Alternatively, contact the Asset Relations Team to schedule a free consultation on the chances of getting your money back.
WHY CHOOSE US
We collaborate with YOU to recover your money from Crypto scams and other frauds. Our pre-planned processes, consistent flow of services, and goal-oriented methodology have earned the trust of our users. As we extend, you can take a chance and rely on us
NOTICE!
Be aware that due to the expenses involved in conducting an Asset Recovery Operation, we only administer cases where losses accrued to an equivalent of 10,000 USD and above. Depending on the complexity of each case, we charge fees for our services and provide a contingency payment plan with a “No win - No fee” clause, whereby payment is made subsequently to the completion of our service.
DCR provides a satisfactory Financial Asset Recovery Service and devotes a large portion of its resources to battling cryptocurrency-related fraud.
