We identify financial crime enablers!
The Payment Industry still underestimates what is at Stake!
Due to the significant rise in online fraud, particularly losses from Authorised Push Payment (APP) scams in the UK, a new mandatory reimbursement scheme for
Can we pls finally charge Gery Shalon for his crimes in Europe?
On September 11, 2024, the 8th Global Conference on Criminal Finances and Cryptocurrencies, co-organized by the Basel Institute on Governance, Europol, and the UNODC, took
Data shows Crypto Fraud is on the rise!
Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45% from 2022, according to a report from the Federal Bureau of
Five Examples for Non-effective AML enforcement in Europe!
Although financial institutions worldwide step up their efforts in fighting criminals from using their systems for money laundering, still more than 99% of money laundering
Telegram is a Cybercrime Hub!
For years Telegram has been known to be a financial cybercrime hotspot. Cybercrime is thriving on Telegram, the popular messaging platform, with more and more
The upcoming United Nations Cybercrime Treaty!
The United Nations has finalized a draft for a new cybercrime convention, marking the first multilateral anti-crime treaty in over 20 years and the first
European Funds Recovery Initiative
ATTENTION: Right now recovery scammers are impersonating EFRI. Pls be aware, we do not send out any pishing emails. Pls take care and do not answer any unsolicited emails!
About EFRI
EFRI identifies and targets financial crime enablers and seeks restitution on behalf of its members from the fraudsters and the enablers of the scams.
The legal entity behind this initiative is a non-profit organization registered in Vienna, Austria (EFRI Association). You can read the charter of the non-profit association here.
We strongly believe that a large group of victims fighting against the fraudsters and asking for help from the authorities in a structured way can help to stop this type of fraud in Europe.
Mission Statement
The purpose of EFRI is to support victims of cybercrime and to promote cybersecurity in the user segment of consumers and small investors.
With increasing digitalisation, the extent of cybercrime is also increasing massively. The activities of many initiatives to increase cybersecurity focus primarily on the technical and organisational aspects of companies. EFRI, on the other hand, concentrates on protecting consumers from online fraudsters through technical, organisational, communicative and legal measures.
We think that the protection of Consumers and Small Investors is a must for the development of a sustainable cyber society.
Supporting victims of cybercrime to overcome the psychological effects of the crime and to prevent them from being victimised again;
Identifying financial crime enablers supporting the scams and addressing them for refunds on behalf of the victims;
Coordination and contact point for authorities, non-government organisations and private initiatives for data exchange and warnings regarding scams and investment fraud;
Public early warning system against scammers and investment fraud in cooperation with media partners and operators of social media;
Development of a cybercrime database for statistical analysis.
