It wouldn’t be wrong to say that 2020 was a year full of surprises and setbacks. With the health crises on the rise paving the way for the economic one have left everyone with their hands full.
And scammers didn’t shy away from taking advantage of the vulnerability.
According to recent reports, there were more than 2.2 million reported cases of fraud where people lost more than $3.3 billion. That’s indeed a tremendous amount of money.
And the worst part is that there are people out there who don’t register their fraud complaints out of embarrassment.
Believe it or not, your reluctance to not share your experience or act upon it is actually the key to their continued success.
So, instead of blaming yourself for falling for the scam, here are some of the steps that can help you bounce back and recover your lost funds. These steps will not only help you but will also prevent others from being victimized.
Read on to know more about those steps.
Notify the authorities and your closed ones
The first and foremost step after falling for a scam would be to notify the legal authorities. This is because a scam qualifies as a criminal act, and notifying law enforcement can elevate your chances of recouping your losses.
Not to mention, right after filing your complaint, they will start the investigation as soon as possible.
And as far as your loved ones are concerned, you might think that sharing your experiences with them would make you feel embarrassed or make you a subject of laughter.
But that’s not it.
Sharing how you fell for the trap would alarm them and prevent them from being conned.
Use technology to your advantage
Once you’ve filed your complaint and notified your closed ones, it is time to start using technology to kickstart your case.
First of all, you would need to take all the screenshots of the transactions so that they can be used as proof during the case.
After you are done with that, make sure that you’ve blocked all your bank account along with your credit and debit cards. This will prevent the hacker from making any more fraudulent and unauthorized transactions.
In fact, you can also elevate your chances of disclosing the fraudster’s identity by monitoring their phone and tracking their phone calls and messages.
For this, you can hire a hacker for cell phone tracking so that you can streamline the entire process.
If possible, you can also use technology to track the fraudster’s whereabouts. This way, you’ll be able to help the legal professionals so that they can kickstart the investigation process right away.
Turn to insurance for financial support
One of the best things that can help and support you after being conned is your insurance agency.
That’s why after you’ve filed the case and done with the investigation part, it is crucial for you to go through your policies.
You might be able to get your hands on reimbursements for identity theft-related expenses and full coverage for your loss.
There’s also a good chance that your insurance might be limited to your principal investment or the total expenses incurred during the investigation.
To streamline the process, you would need to provide adequate proof, including all the screenshots, bank statements, messages, and everything else associated with the case.
Once the authorities are convinced that your case is legit, they’ll help you get financial support as soon as possible.
Build your resistance for the future
Someone has rightly said that “fool me once shame on you, fool me twice shame on me.” And they can’t be more wrong about it.
See, you should know that fraudsters are well-versed with the tactics that are enough for setting a trap for even the smartest individuals.
According to legal professionals, these anti-social elements target educated and successful people through newsletters, text messages, free giveaways, trading courses, and chat rooms.
Thus, you need to refrain from feeling guilty about falling for the trap and start building your resistance for the future.
For this, you need to keep yourself updated regarding the latest scams and how you can prevent them.
You would also need to maintain your distance from the dark web as most of the fraudulent activities take place through it.
Apart from this, you would need to start using technical solutions such as two-factor authentication and the ones that can help you identify any potential fraud or unauthorized transactions.
To sum it all up,
Getting scammed is not only financially affecting, but it also makes you feel anxious. So, take a deep breath and use the steps mentioned above and bounce back right away.