€65,000 Recovered from Banking Phishing Scam
The Challenge
Our client, an Italian business owner, received an email that appeared to be from their bank, warning about suspicious account activity. The email contained a link to what looked like the official bank website, where the client was prompted to enter their login credentials and personal information.
Unbeknownst to the client, this was a sophisticated phishing scam. The fraudsters gained access to the client's bank account and transferred €65,000 to multiple accounts across Europe before the client realized what had happened.
Our Investigation
Our cybersecurity and legal team immediately began a comprehensive investigation:
- Traced the phishing email's origin and infrastructure
- Identified the fraudulent bank website's hosting location
- Mapped the money trail through multiple European banks
- Coordinated with banking authorities and law enforcement
The Solution
We employed a multi-faceted recovery strategy:
- Filed emergency freezing orders with multiple European banks
- Used international banking cooperation mechanisms
- Coordinated with cybersecurity experts to trace the fraudsters
- Leveraged European banking regulations for victim protection
The Result
Within 3 months, we successfully recovered the full €65,000 for our client. The case also led to the identification and arrest of the phishing gang operating across multiple European countries.
✓ Complete Recovery Achieved
Our client received 100% of their lost funds. This case demonstrates our expertise in handling sophisticated phishing scams and banking fraud recovery.
Key Takeaways
This case highlights the importance of:
- Never clicking on links in suspicious emails
- Verifying bank communications through official channels
- Acting quickly when fraud is detected
- Working with experts who understand banking regulations
