Cash App is one of the most popular payment apps in the world. And like many popular sites and apps, it’s prone to hacks and scams. So, what can you do to avoid Cash App scams in 2021?
Peer-to-peer payment apps are web applications which allow their users to quickly and easily exchange money. And they’ve become the new normal in the world of mobile finance. For many, they’re the easiest way to send and receive money between friends and family. They’re also an increasingly popular way for certain vendors to charge their clients. But, just because something is popular, doesn’t mean that it’s safe. In fact, we’ve learned that the opposite is often true.
The Most Popular Payment Apps
In large part due to the Covid-19 pandemic, payment apps have soared in popularity. Along with PayPal, Venmo, and Zelle, Cash App has established itself as one of the most popular in the category. Like its counterpart Venmo, Cash App attracts a largely younger demographic, as it’s an incredibly quick and simple way to send money back and forth. Not only can users exchange money immediately, they can transfer that money to their linked bank account(s) in a few business days (or pay a transaction fee to do it in seconds). This makes it easy for users to make and receive payments anywhere and anytime using their smartphones. But does the casual nature of these payment apps open their users up to hacks and scams?
Cash App Scam
Like many other products and services in the digital economy, payment apps provide a level of simplicity and convenience to their users. But as we’ve seen in many other instances, there are various threats that accompany the ease which apps bring.
For Cash App specifically, there are several different prominent scams that can affect users. Chief amongst them are Cash App customer support scams and fake #CashAppFriday sweepstakes offers. The former involves a scammer sending out texts, calls, or emails pretending to be a member of Cash App’s support team. They then ask victims to provide information such as PINs, Cash App logins,or even bank account credentials. The latter involves scammers requesting users to transfer money in order to be entered into a sweepstakes. And these are just some of the examples of scams that users may experience when they use Cash App and other payment apps.
Is Cash App Safe?
In short, no. While the actual transfers within the app are reasonably secure, users are still exposed to a variety of scams and attacks. And since it’s a payment app, your sensitive financial information is put in jeopardy. So what can you do to protect yourself and your family on payment apps and on the internet as a whole?
The Best Data Privacy Solution
We now know that while incredibly convenient, payment apps can be dangerous. But thankfully, there’s a way for you to protect your online data and your personal information. The number one consumer data protection service on the market is Privacy Bee. Much like Cash App makes it easy for you to exchange money with your friends, Privacy Bee makes it easy for you to stay safe on apps and on the web. They allow you to totally customize your privacy preferences so that only companies which you trust have access to your data.
Along with helping you control which apps and sites can store your data, Privacy Bee also provides 24/7 365 vulnerability monitoring, data broker removal services, and a free browser extension! These features work together to make it easy for you to surf the web stress free. By controlling your personal information, you make it much harder for hackers to get ahold of it and for scammers to use it against you and your loved ones. So, rather than opening yourself up to Cash App login and support scams, secure your data instead.