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When your bank account gets hacked and money gets transferred online one should follow the steps given below to avoid further losses: What to do to recover lost money from hacked account: In case of online transactions we have a fair chance of recovering/blocking the transaction if we act within 24 hours from the date and time of the fraudulent transaction.Most of the victims miss out on these important steps and hence are unable to recover any of the money they have lost.Usually they will redirect the victim to go to police for further help.From my opinion police will also not be able to help you much in this case as often such financial frauds happen far away in a different country.

In most of the case studies of such financial fraud that I have seen, the victim often wastes lot of time in going to bank and police back and forth.

First of all let me tell you that the bitter truth is that most of the victims do not get their money back.

But there is prevention and there are ways for a cure.

However, this is possible only if the merchant has not delivered the goods or process the transaction completely. In the case mentioned above, when I searched the Internet for Gymboree I was able to locate the merchant website. When the victim contacted the merchant through their website and gave details of the transaction it was confirmed by them that the transaction had taken place.

The victim then convinced them that the transaction was fraudulent.

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