European Funds Recovery Initiative
EFRI is a not-for-profit organisation identifying financial crime enablers to curb online fraud.
About EFRI
EFRI is the abbreviation for European Funds Recovery Initiative. 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.
In short, EFRI fights cybercrime and seeks restitution on behalf of its members from the fraudsters and from the European enablers of the scams.
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 European financial service providers 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.
