CASH APP users are urged not to fall for six frauds that could lead to big money.
With more than 44 million users, Cash App is one of the most popular mobile payment services in the United States.
But, smart thieves are finding clever ways to steal money from app users.
These are six common scams that infect the software.
Super Cash App Friday impersonators
Cash App hosts a Weekly cash giveawaySometimes hackers hijack its Instagram or Twitter accounts.
Typically, fraudsters will contact a participant on social media, tell them they’ve won, and then ask for a fee in order to release the funds.
Another way fraudsters can scam you is cash flipping.
Users are basically contacted and told that they can send more money if they send enough money.
Many hackers create fake support accounts via social media and fake websites to lure victims.
Users can then log in to their sensitive data, which allows fraudsters access to clear out their accounts.
Phishing via SMS and email is one of most prevalent scams.
Fraudsters will try to trick victims into giving their personal information with a malicious message.
Scams with debit card
Because Cash App offers a debit card option for users, scammers can use breached personal information to sign-up for one in a victim’s name.
Bad actors often find their way to people’s wallets through their hearts via romance scams.
A “romance scam” is when a criminal creates a fake online persona on apps like Tinder, Bumble, Hinge, WhatsApp, or even Facebook to gain a victim’s affection and trust.
According to the threat actor, he then manipulates or steals from his victim using ‘trust’ and romantic feelings. FBI.
How to Protect Yourself
The good news? There are lots of ways you can reduce your chances of getting scammed.
First, ensure that you enable the most secure settings within the app.
Experts It is also advised that users not click on any hyperlinks or unwelcome emails, texts, social media messages, or emails.
Finally, make sure to protect your mobile device using a strong password or biometric authentication.