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How Castler Escrow Could Have Prevented a ₹22 Lakh Email Scam

In a recent incident, a Pune-based company was tricked into losing ₹22 lakh after fraudsters sent them an email that appeared to be from a legitimate supplier. The email contained a link that, when clicked, installed malware on the company’s computer system. The malware allowed the fraudsters to access the company’s email and bank accounts, and they were able to transfer the money out of the accounts.

In this case, Castler Escrow could have prevented the scam. If the company had used Castler Escrow, the funds would have been held in escrow until the goods or services they were paying for had been received. This would have prevented the fraudsters from getting away with the money.

Here are some of the ways in which Castler Escrow could have prevented the scam:

  • Castler Escrow would have provided a secure platform for the company to communicate with the fraudsters. This would have made it more difficult for the fraudsters to trick the company into clicking on the malicious link.
  • Castler Escrow would have verified the identity of the fraudsters. This would have ensured that the company was not dealing with a legitimate supplier.
  • Castler Escrow would have held the funds in escrow until the goods or services they were paying for had been received. This would have prevented the fraudsters from getting away with the money.

If you are ever considering making an online payment, you should be very careful. It is possible that you are being scammed. You can protect yourself by using a trusted escrow service like Castler Escrow.

How to Spot an Email Scam

There are a few things you can do to spot an email scam:

  • Be suspicious of any emails that ask you to click on a link or open an attachment.
  • Be careful about giving out your personal information, such as your credit card number or Social Security number.
  • Keep your computer’s security software up to date. This will help protect your computer from malware.

By following these tips, you can help protect yourself from email scams.

Conclusion

The Castler Escrow platform can be a valuable tool for protecting yourself from online scams. By using Castler Escrow, you can ensure that your money is safe until the terms and conditions of the transaction have been met. If you’re ever considering making an online payment, be sure to consider using Castler Escrow to protect yourself from scams.