Recovering Funds Post Phishing Scams

Phishing attacks, which account for nearly 36% of all data breaches, are among the most widely employed tactics that scammers use.

According to the latest data from IT Governance, approximately 3.4 billion phishing emails are sent each day. The primary objective of these malicious (phishing) emails is to obtain sensitive data, mainly financial details.

Phishing Attacks over the years (2020-2023)

For example, the data may include your bank details, credit card information, or any sensitive company information, your any paid account login details, etc.

Scammers sell such information to different marketplaces, especially, on the dark web.

You might already know that to execute such schemes successfully, millions of fake websites are deployed.

And you will be surprised to know that the number of sites is increasing year over year.

Number of Phishing Sites Detected in Q4 of Each Year(2019-2023)

As a results, people lose billions of dollars to phishing attacks.

Unfortunately, not everyone can recover their lost funds following a phishing attack. Whether it involves credit card payments, wire transfers, or cryptocurrency transactions, the chances of recovering the money are quite slim in all cases.

However, this does not mean that you cannot recover your lost funds after a phishing attack.

Today, we will discuss how to recover your funds from phishing scams, and is it really possible to do so?

I would say yes!!!

If you follow up on the process I suggest in this article, there are definitely chances to get your funds back.

But first, let us understand what phishing is all about. 

Phishing is a deceptive online tactic wherein criminals pose as trustworthy entities to illicitly obtain your crucial information, like passwords and credit card numbers. Picture receiving an email that appears authentic but is, in fact, a fraudulent attempt to gain access to your accounts. This is how they compromise your security.

They are so popular now, and they affect the lives of ordinary people as well as large organizations. Someone could lose money or get their identity stolen if they fall for one of these scams. Losing customers could also cost companies profits and damage their reputation.

If you or someone you know gets caught by the phishing net, its really important to act quickly. Inform the police or special online safety teams. In addition, let your bank be aware so that they can take note of any unusual movements. And if things get worse, the best is to utilize all the means to recover you scammed money.

We have discussed all the options, but when dealing with a substantial amount of money, you shouldn’t wait for scammers to withdraw it. Instead, contact a phishing attack recovery professional promptly to regain your lost funds.

Online Investment Scams‘ is a platform where experts assist investors, traders, and innocent individuals in recovering money lost to various frauds, including phishing scams.

If you have fallen victim to a phishing attack, email the following address to proceed with your recovery.


“Thank you so much! I couldn’t be more appreciative. Just wished there were more genuine and honest companies like yours out there.”

Here’s how you can recover your money from a phishing scam.

The immediate outcomes of phishing attacks:

There are a lot of issues that emerge instantly when something goes wrong online.

  • The first thing is losing money; scammers take it only for victims to spend even more money they can get back. As a result, people not only have no money but also feel very bad about it.
  • Secondly, data breaches are major concerns. This happens when cunning people get hold of personal stuff, such as bank details or important facts. This results in bigger issues, such as impersonation by someone else and mischief-making.
  • Thirdly, websites and apps are no longer trusted by people. If there is a hack or any other problem with the system, this means that people will never believe in that place anymore. Therefore, if there is an error on the part of companies during such scenarios, then they suffer reputational damage, resulting in a future loss of customer base.

Online scams cause many problems. People lose their money, some secrets about them go public, and the safe internet stops being a reality for them anymore. Its like one thing screws up so many other things too.

Urgent Steps to Address a Phishing Attack:

3 Steps To Recovering Funds Post Phishing Scams

If you are scammed, there is a need to make a move promptly. Do the following:

Letting your bank know:

In order for the bank or credit card company to believe your story, you should be able to prove that you were indeed scammed. It is important to have substantial information about your dealings with the swindlers if you want the bank or the credit card agency to take your case seriously.

  • Card Issues: For example, verify your bank statement for unfamiliar transactions. If you find any, contact your bank as soon as possible. Report this suspicious activity to your bank and ask them to reverse such unauthorized charges.
  • Unauthorized Bank Transfers: If you find out that there were unauthorized withdrawals or transfers from your account, inform your bank immediately. They might assist in investigating and possibly reversing the transaction.
  • Wire Transfers: If fraudulent, inform your bank or the particular service provider if you use Western Union, MoneyGram, or wired money through the banking system. They may guide you on what to do next and maybe a reversal could be considered.

Working with law enforcement:

If you have been ripped off, first call your local police. They even have special numbers for scams like this. If you have any evidence of the scammer contacting you, such as emails or texts, show them to the police. The court can even refund your money if the police catch the scammers.

Tell everything that happened in great detail to the police. If the scam occurred online, keep any messages or emails that you received. You could also take screenshots or print them out.

Also, make sure the relevant government agencies that fight scams are aware. The groups supply information to help people who have fallen victim to scammers. One of such groups is the Federal Trade Commission (FTC) in America.

They conduct many investigations into scams and, in other cases, take them to court. Sometimes they also assist people in recovering some of their money that has been lost through such frauds. You can also report your scam on the FTC’s website.

In every US state, the Attorney General is the highest lawyer. They also deal with fraud teams. Visit your state’s Attorney General website to learn how you can notify them about a scam happening in your state.

While local authorities may not always directly assist you in recovering money from crypto scams, they can inform other relevant parties about the scam and possibly stop others from being defrauded too.

Get help from recovery expert

If you are unlucky enough to fall into this trap, try talking with someone who knows about cryptocurrencies or using the recovery service offered by OIS.

These professionals know all kinds of scams, including some even more deceptive ones like phishing. They know how the crypto world ticks and have managed to retrieve many people’s stolen funds.

If you contact them, they will be able to guide you through the details of your case. It therefore increases your chances that what was once lost can still be regained.

Just remember how much difference it makes when you have someone knowledgeable about the complexities of cryptocurrency guide you through the recovery process.

Email here to talk to scammed money recovery experts.

Prevention is better than cure: 

Unfortunately, sometimes, despite your best efforts, you may not always recover your lost money. That’s why prevention is better than cure.

  • Learn More About Phishing: Become aware of the tricks that scammers use. Caution should be taken in case an email or message seems suspicious (e.g., asking for personal information or money). In case of doubt, contact the company.
  • Keep Your Computer Safe: Put good security programs on it that are like guards at a gate. It’s important to ensure they are always up-to-date and can find the newest threats.
  • Use double protection: Many apps and websites will require you to provide a second level of protection, such as sending a code to your phone. Always make sure this is on when you have the opportunity. This way, even if someone has your password, it will still be difficult for them to get in.
  • Take Care of Your Money: Watch your bank and credit card statements. In case you notice a purchase you did not make, act promptly by reporting it. The quicker you react, the better the chance there is for things to return to normal again.

Most people often think that they will never become victims of scams. Professionals may also be victims of online fraud or phishing.

If you are wondering what to do in case of being conned or want to know more about how best you can protect yourself, then it is good to be aware of the most prevalent scams at present. 

By learning as much as possible and taking proactive measures to safeguard oneself against the improper handling of personal information, one will help to keep their finances secure and their lives free from scammers.