How To Protect Your Funds From Scammers?

ways to protect your funds from online scammers

As most of the sectors these days operate remotely, online financial transactions have seen staggering growth. While with the latest features banking has become extremely easy, the number of people encountering online scams has also increased.

We at Finance Recovery help residents deal with such scams and build back their finances with our fund recovery services. Our experts believe that one of the best chances to keep yourself safe from these scams is to learn more about necessary financial practices. Here are some practices that you can employ to protect your funds:

Don’t Act Without Due Diligence

Most people who happen to fall victim to these scams are not because of their knowledge gap, but instead because of the situation of fright, urgency, and FOMO created by the criminals.

i.e. usually, you might receive emails that mention you need to claim some kind of money now or lose it, website popups that say your computer has been infected with a malware and even supposed textual warnings from the government itself that prompts you to “repay” money or get arrested.

The sole intent of these kinds of scams is to make you panic. When people panic, they tend to stop thinking correctly and are far more likely to follow other people and get trapped. 

Thus, the next time you get an “urgent” message, take some deep breaths, take your time and think logically about why you got the mail and what it’s trying to make you do. If you feel out of your depth and can not figure out whether it’s a scam or not, you can contact an expert from a funds retrieval services provider who has encountered these situations and take their help. In addition, you can also find this helpful: 7 Ways To Protect Yourself From Financial Fraud On The Internet.

Keep Your Password Safe

Even after all the encrypting algorithms, carelessness in handling your password can have an impact on your online funds. While you might already know a lot about best password practices, here are a few important ones to refresh your knowledge:

  • Use a unique password for each account. If that’s too much trouble, at least use individual passwords for your most essential accounts (like banking and email). 
  • Take the advantage of two-factor authentication. One of the most popular way to do this is to have a code sent to your email or phone with every login attempt. Keep in mind that you don’t use words or numbers in your password that your friends or family can guess (because hackers can easily guess it too).
  • Change your password after every three months. Again, if you worry that you’ll forget to remember so many of these passwords, at least change the ones in your most important accounts.
  • Password managers are also a popular way to create, use, and store complex passwords. The danger with these, however, is that if your admin password is stolen, you’ll lose your other passwords with it.

Identify the Red Flags Of a Deceitful Email

While all of us know we shouldn’t trust the Ukrainian prince with our money, but scam emails these days are often hard to spot. For example, you can get something that looks like an official e-Bay email with an official address, has the e-Bay logo on it, takes you to something like the e-Bay login page, and even lets you log into the real e-Bay, but in between stealing your account information. Here are some red flags to look out for when you receive an email asking you to enter your personal/account information: 

  • The email address ending with  “”, “” or another public domain.
  • It does not directly address your name (ie, it uses something like “Customer”). The email contains a separate URL link (you can view it without clicking it by hovering your mouse over the link).
  • The email tells you to take action very quickly if you don’t want to “lose” anything. The email contains typographical or grammatical errors.

Whenever you are unsure whether an email is a scam or not, contact the sender directly by visiting the sender’s customer support page or calling them without clicking anything. And when you receive an email asking you to change your password, go to your account page directly in your new browser and change your password without typing anything.

Keep an Eye On Your Money With Online Banking

While you might not be as knowledgeable as the monetary specialists in Finance Recovery

one thing you can do is track your financial transitions using your bank’s online banking services.

As observed by our expert team in funds recovery services, they have found by just making a habit of checking your bank accounts at least 2-3 times a week will significantly reduce your risk of losing your money, and even if some thief stole from your credit card, you’ll be able to report it sooner and won’t be on the hook for those losses. Just keep in mind that you log in through a trusted computer and internet connection!


By following the above-mentioned practices, it would be quite difficult for scammers to steal your assets and affect your financial standing. But if by any chance a financial fraud happens, you can hire a recovery expert at and avail of their fund recovery services to retrieve your hard-earned money.