In view of the rapid change in the technological landscape, 'email fraud' is becoming more and more prevalent. Upon discovery of the fraud, time is of the essence to identify the bank account to which money had been transferred to and freeze the same. Tracing exercises should be done in cases where there are many layers of recipients. If the relevant bank account has been frozen, then victims can apply for default jusgments against the fraudster and subsequent recipients (if any).
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