Chargeback Pros crypto scams funds recovery advices right now? After knowing that a crypto scam has victimized you, the first thing you should do is check your credit report. This is to identify and obtain information on certain fraudulent accounts opened in your name. You can use the details of the fraudulent accounts to track down the scammers and potentially recover your crypto funds. On top of that, it’s also essential to add a fraud alert to your credit report to safeguard your account from scammers. With the alert in place, cybercriminals will no longer use your identity to open a new credit account in your name. To file a fraud alert, make sure to contact the credit bureaus in your area. Find additional information on crypto fraud recovery services.

And then there’s the not-insignificant concern of lost smartphones. A lost business phone in the wrong hands could be a complete disaster. At the very least, all phones used to conduct business should have password protection, whole-disk encryption software and a remote lock-and-data-wipe app. That way, you can erase all the information on a lost phone and prevent anyone else from using it. The rise of flexible work-from-home policies has been a major trend in recent years, which is generally great for employee morale but not so great in terms of security. It’s tricky but obviously crucial to keep up security measures when employees are doing their jobs remotely. The guidelines about smartphones apply here, but you also need to ensure that strong safeguards are in place on all company computers and devices, no matter where the employee is working.

People in New Zealand are losing millions of dollars to scammers each year – and this is just the figures reported to Netsafe so the actual figure is likely much higher. There are often similar characteristics to most scams so we’ve put our advice together to help you. Scammers are using COVID-19 as the lure to engage people. While the scams are different in nature, they all have a common theme in that they are trying to obtain personal information and financial details. Netsafe is encouraging people to stop and think carefully before entering your details online, or giving them to someone. It’s particularly important you protect information that can be used to access your accounts, build a fake online presence or impersonate you.

Hacking is an attack directly on computer systems or websites that contain financial information. Merchant account takeovers is a type of fraud that have been trending upwards over the last few years but exploded in 2020 and 2021. This is when a fraudster logs into a person’s merchant account (Amazon, Uber, Venmo) and uses saved payment information to make purchases for themselves. Merchant account takeovers can happen when a person uses the same password across multiple online accounts. If that log in information is leaked from any one website, scammers can do something called “credential stuffing”, where they use programs to test that log in information across hundreds or thousands of popular websites, hoping to get a hit. The best way to combat this type of fraud is to use strong, unique passwords for online accounts. Use a password manager can create and store unique passwords with ease. Learn more about password managers here.

The main security concerns for crypto wallet users are phishing scams that cast a wide net, as well as targeted spear-phishing attacks, according to MetaMask. Bad actors most commonly pose as a friendly face offering to help users navigate crypto’s technical jargon and trick users into handing over their funds. MetaMask’s strategy is to pool information from a number of victims in the hope that it will help both identify the scammer and make recovering the stolen assets less costly. To use the service, victims must submit a ticket for investigation.