In a recent incident, a Delhi-based businessman was conned of ₹3.5 lakh after fraudsters swapped his SIM card and tricked him into sharing his OTP. The victim, identified as Rahul, had received a call from someone claiming to be from his bank. The caller told Rahul that his account had been compromised and that he needed to share his OTP to verify his identity. Rahul fell for the scam and shared his OTP, which allowed the fraudsters to access his bank account and transfer the money.
In this case, Castler Escrow could have prevented the scam. If Rahul had used Castler Escrow, the funds would have been held in escrow until he had received the goods or services he was paying for. 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:
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 a Sim Swap Scam
There are a few things you can do to spot a sim swap scam:
By following these tips, you can help protect yourself from sim swap scams.
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.