What are the most popular types of scams?
The most popular types of scams are lead-gen, popup ads, phishing, fake W-2 fraud, email scams, fake check scams, gift card scams, remote access trojans and keyloggers.
Source: Berkeley Report – Fraud Trends and Investigations 2016
Section 2: What are the common red flags when you encounter a scam?
Scammers typically are lacking in the following areas:
-The business should only take a certain percentage of their sales as payment and the rest can be used as marketing materials.
-Not a whole transaction should be paid over the phone and the entire conversation should be over a phone.
-No one should ever ask to wire money over the phone and if the potential victim is talking to a real company, they should feel the need to prove that they’re real.
When someone gets stolen funds, they are required to do the following:
Return the stolen funds to the scammer or authorized person
Recover the funds and take action
Monitor and make sure that no transactions are made
Credit or debit card fraud is a pain in the neck as it often comes with hefty fines and fees. If you are a victim of this type of crime and experience a loss, you should immediately get in touch with a reputed fund recovery firm. There are several reputable fund recovery firms available in the market, with a wide range of services and reasonable rates. There is no reason not to recover your stolen funds if you have funds in your bank account. However, your primary focus should be on recovering the money and preventing more frauds from occurring.
How do I recover my stolen funds?
Fund recovery companies are able to track down fraudsters and recover your funds if they have not been used already. If your bank has not been informed of the fraudulent transactions, the funds are typically unfound, and Fund Recovery companies handle the work behind the scenes to bring the stolen money back to you.
There are two types of Fund Recovery companies:
Private investigation companies (PIO)
Law enforcement agencies (LEA)
PIOs are available 24 hours a day and 365 days a year in order to help deal with any kind of fraud and cybercrimes. PIOs are licensed by the Federal Trade Commission, SEC, FDIC, and FTC.
PIOs are also available to help with online fraud investigations such as recovering your money.
What are the best companies to hire for this type of work?
The foremost essential aspect of fund recovery should always be the reputation of the company. A negative review from a client will cause a company to fall apart and lead to massive downfalls in clients. After all, who wants to hire a company that can’t stand the heat and is just waiting to be taken down by legal action, a lawsuit, or a black mark on their record?
Therefore, it’s essential to do your research before choosing a company to recover your stolen funds. An ideal candidate should have many positive reviews that reference positive experiences with the company. In addition to that, a company should be well established and able to offer a good quality service that is affordable.
What are the risks involved with working with these companies?
In order to proceed with fund recovery companies, you’ll need to work through a lot of red tape. The legal requirements are extensive in terms of identification and authentication processes. You have to provide a lot of private information that would make you open up your entire identity for attack. To secure your personal and financial information, you will need to disclose information on every aspect of your life, including your name, address, contact details, banking details, social security details and so forth. That means you would have to reveal your passport details and date of birth, your mother’s maiden name and information on your in-laws.