Cybercrime prevention should be a top priority for politicians, regulators, and law enforcement in the era of the emerging cyber society. The COVID-19 crisis has given a huge boost to the decentralization of the digital society. Social distancing and home office jobs would remain central elements in the post-COVID-19 society politicians tell us. A decentralized society is the perfect breeding ground for cybercrime attacks. The minimum requirement in the fight against cybercrime is therefore the creation of a regulatory framework for financial institutions in order to make it more difficult for cybercriminals to gain access to the financial system and the money of potential victims.
The European Funds Recovery Initiative (EFRI) has changed its structure in order to fight cybercrime efficiently and to recover stolen funds from cybercrime victims. With effect from 25 May 2020 the EFRI NGO was founded in Vienna. This is a non-profit organisation in which victims and potential victims organise themselves across all national borders in the fight against cybercrime.