So what one should do along with the above given steps is to observe the fraudulent transaction details carefully. They try to get the maximum amount out before user blocks the credit/debit card or changes the bank login details. When a hacker/cybercriminal hacks the bank account and has access to user’s login name, password and PIN they start making online purchase and money transfers immediately. Most of the victims miss out on these important steps and hence are unable to recover any of the money they have lost. In case of online transactions we have a fair chance of recovering/blocking the transaction if we act within 24 hours from the date and time of the fraudulent transaction. What to do to recover lost money from hacked account: Report a fraud to local police station.Report the scam to right authority in the bank.Verify your contact details like address, phone number are not changed by the hacker.Reset your login password, pin, security questions answers.This is to get rid of any rootkit or key logger that may have been installed on the PC and which would have compromised your login details and sent it to the hacker. If the bank account is hacked immediately after you have done some online transaction from some PC, then first scan and clean your PC with latest anti-virus scanner.Contact your bank and first block your bank credit/debit card.When your bank account gets hacked and money gets transferred online one should follow the steps given below to avoid further losses: In most of the case studies of such financial fraud that I have seen, the victim often wastes lot of time in going to bank and police back and forth. It is quite difficult to track down the person or group that has scammed you without the help of law authorities in several different countries that transaction might have routed through. Usually they will redirect the victim to go to police for further help.įrom my opinion police will also not be able to help you much in this case as often such financial frauds happen far away in a different country. Bank will always try to put the blame for card fraud on you. Since the money is already gone from the account to the merchant as legitimate credentials were given, if the bank agrees to refund it will have to bear the losses. One should understand the basics here, the bank is right at its place when it is refusing to pay. So no matter how hard you try to convince them, it just amounts to a lot of frustration. The banks however, refuse to help the victim on the grounds that the transaction was done with the actual card and the exact password and PIN was entered. If a bank account is hacked and the hacker/cybercriminal starts making online purchases using the stolen card information, bank account user name, password and/or PIN most of the victims expect the banks to repay. I will not be talking about frauds resulting because of physical loss of credit/debit card or ATM cash withdrawals. In this post I will be referring to only those financial frauds that are done online. After going through several case studies I thought of putting these steps together so that a victim knows what should be his/her immediate action when someone steals money from the bank account. So instead of crying over the spilled milk one needs to find ways to recover or salvage. But there is prevention and there are ways for a cure. First of all let me tell you that the bitter truth is that most of the victims do not get their money back. I will not be talking about how to prevent a bank account from getting hacked because we have discussed it at length in various posts. In this blog I will be focusing on the ways to strengthen the possibility of recovering your money in situations where your bank account is hacked or your credit card or debit card details have been stolen and misused.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |