Protect Yourself From Venmo, Zelle, and Cash App Scams

Mobile payment apps like Venmo, Zelle, and Cash App have become increasingly popular, handling an estimated $1 trillion in payments. However, they also present risks of fraud and scams.

Manhattan District Attorney Alvin Bragg has highlighted these concerns and is urging the app companies to enhance security measures. He suggests imposing transaction limits, requiring secondary verification, and monitoring unusual activity to protect users.

The companies have responded, emphasizing their commitment to safety and detailing their security efforts, such as fraud detection tools, multi-factor authentication, and customer education. Users are advised to follow best practices for app security, like using strong passwords, enabling two-factor authentication, and monitoring account activity to safeguard against potential threats.

Get more details by reading the original article.

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