"DA Urges Crackdown on Cash App Fraud Threatening Bank Accounts"
TL;DR
Manhattan District Attorney Alvin Bragg has sent letters to Venmo, Zelle, and Cash App demanding increased protections for users amid a surge in scams and crimes involving unauthorized access to unlocked devices and draining bank accounts. He highlighted incidents such as thefts in Los Angeles and a robbery in Orlando, and provided recommendations for the companies to enhance security measures. The companies responded by emphasizing their commitment to customer safety and security, with measures such as fraud detection tools, transaction limits, and consumer education.
Topics:businesstechnology#fraud#manhattan-district-attorney#mobile-payment-apps#scams#security#technology
- Venmo, Zelle, and Cash App are being used to drain bank accounts, says DA BGR
- Manhattan DA Alvin Bragg calls for cash apps to crack down on fraudsters Fox Business
- BBB warns about payment apps leaving users vulnerable to fraud WTVG
- New York DA Warns Venmo, Zelle and Cash App Fraud Putting Your Financial Safety 'At Risk' Yahoo Finance
- Do cash apps make it too easy for thieves to empty accounts? Boing Boing
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