Recovery Scams target individuals who have previously fallen victim to fraud, promising to help recover lost money for an upfront fee. These schemes exploit victims' desperation to recoup their losses.
Common Tactics
- False promises
- Upfront fees
- Official impersonation
- Pressure tactics
- Emotional manipulation
Warning Signs
- Unsolicited contact
- Guaranteed recovery
- Advance payment
- Time pressure
- Official claims
Target Selection
- Previous victims
- Reported losses
- Public records
- Social media
- Data breaches
Prevention Methods
- Victim education
- Scam awareness
- Verification processes
- Report systems
- Support networks
Best Practices
- Verify credentials
- Research companies
- Avoid advance fees
- Report attempts
- Seek official help
Recovery Scams compound victims' losses by exploiting their vulnerability and desire to recover previous losses.