Cash-Sending Apps Pose Fraud Risks, Warns DA

Cash App, Venmo, and Zelle: Vulnerability to Fraud Exposed

The popular peer-to-peer payment apps Cash App, Venmo, and Zelle are leaving users susceptible to fraud, according to the Manhattan District Attorney. Instances of financial app theft have been on the rise, with criminals draining bank accounts and engaging in unauthorized transactions. In response, Manhattan DA Alvin L. Bragg Jr. has demanded better consumer protections and stricter security measures from the companies that own these apps. The alarming increase in these scams is a cause for concern, especially given the significant sums of money that can be stolen within seconds.