Knowing how to properly conduct an online fraud investigation is highly beneficial, especially with the growing number of fraudulent schemes that you can encounter over the Internet. Having the proper investigative skills is like knowing online self defense. It can help keep you safe in case you encounter any danger online. Although the Internet has made many positive contributions in our daily lives, it cannot be denied that it is also brought along many security issues that we have yet to address. These issues include the numerous fraudulent schemes, causing millions of dollars worth of losses every year.
Proper investigation skills can serve you in two ways. Conducting investigation before you conduct any online transaction can significantly reduce your chance of being scammed. Investigation conducted after you become a victim of scam can help authorities find the culprits faster, saving other potential victims from suffering the same ordeal, and I you are lucky may even help recover the assets you lost in the scam. Of course, ideally this is how a fraud investigation should work. The realization of these purposes depends on how well you conduct the investigation. One of the primary steps to ensure quality investigation is to complete the three stage process of an investigation. To give you an idea what are these three stage process, check out the details below;
3 Stage Process of Online Fraud Investigation
- Gathering of Information
Gathering information is a crucial part of an online fraud investigation. This process includes doing research and conducting interviews. Whether you are doing a preliminary investigation or a post investigation you have to go through this stage. This stage will help you find other victims of the scam, learn about its origin and if you do really well you may even uncover the identity and location of the culprit responsible for the malicious scheme. The amount and quality of the information that you can get on this stage will depend on the quality of the questions that you will ask and how thorough you conduct your research.
- Evidence Collection
Aside from claims and leads that you gathered from the initial process of your investigation, it is also important to secure evidence or proof that can back all the claims and information you have from your research and interview. This includes electronic communication, records of phone calls and proof of financial transfers. These types of transactions can all be considered as evidence and they all have digital receipts which you can compile to full proof your findings.
- Analysis and Conclusion
The third stage of a fraud investigation is where you put the pieces from stage and stage two together so you can draw a conclusion. This is where you analyze all the details and decide whether you have a fraudulent case or not. It is also the time when you decide what will be the next best course of action based on the result of your investigation.
Completing these three stage process of fraud investigation can help you make an informed decision which can help you save both time and resources.