When realizing one is a victim of cyber fraud, immediate actions are crucial to mitigate damage effectively:

1. Document Evidence: Preserve all evidence related to the fraud, including emails, messages, transaction records, and screenshots. This documentation will be essential for reporting and potential legal proceedings.
2. Report to Authorities: Contact local law enforcement or cybercrime units immediately. Provide them with detailed information about the incident, including dates, amounts involved, and any communication with the fraudster.
3. Notify Financial Institutions: Alert your bank or financial service provider to freeze or monitor affected accounts to prevent further unauthorized transactions. Follow their guidance on securing your accounts.
4. Update Security Measures: Change passwords for all online accounts and enable two-factor authentication where possible. Scan your devices for malware or unauthorized access and update security software.
5. Monitor Accounts: Regularly monitor bank statements, credit reports, and online accounts for any suspicious activity. Report any unrecognized transactions promptly to your financial institution.

Taking these steps promptly can help minimize the impact of cyber fraud and increase the likelihood of recovering lost funds or preventing further losses.