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How Castler Escrow Could Have Prevented the Punjab Engineering College Scam

In a recent incident, the registrar of Punjab Engineering College (PEC) was duped of Rs 40,978 in a cybercrime. The victim received a call from a fraudster who claimed to be from a government agency and said that there was a problem with his PAN card. The fraudster then asked the victim to share his personal details and bank account information. The victim fell for the scam and shared the information, which the fraudster used to withdraw money from his bank account.

This is just one example of the many cybercrimes that are happening every day. Scammers are becoming increasingly sophisticated, and it can be difficult to tell who to trust. However, there are ways to protect yourself from cybercrime. One way is to use an escrow platform like Castler.

Castler is a secure platform that allows you to make online transactions with peace of mind. When you use Castler, the funds are held in escrow until the transaction is complete. This means that the seller cannot access the funds until you have received the goods or services that you have ordered.

In the case of the PEC registrar, if he had used Castler, he would not have been scammed. The funds would have been held in escrow until the registrar had received the goods or services that he had ordered. If the fraudster had not been able to provide the goods or services, the registrar would have been able to get his money back.

Castler is a valuable tool that can help you protect yourself from cybercrime. If you are ever asked to make an online payment, be sure to use a secure platform like Castler.