They try to get the maximum amount out before user blocks the credit/debit card or changes the bank login details.
So what one should do along with the above given steps is to observe the fraudulent transaction details carefully.
Every victim may not be lucky as in this case but one can always try to reach out to the merchant through whatever possible way and give them the real picture.
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.
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.
This is followed by type of transaction DR indicating as debit and the amount.
The key is to reach out to the fraud handling department/authority of the Merchant in 24 hours giving details of transaction that was fraudulent.
Most of the victims miss out on these important steps and hence are unable to recover any of the money they have lost.