CASH APP users are urged to be wary of six scams that could cost you money.
With more than 44 million users, Cash App is one of the most popular mobile payment services in the United States.
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However, clever thieves are finding ways to steal money from users who frequent the app.
Here are six scams pervading the software.
Super Cash App Friday impersonators
Cash App hosts a weekly cash giveaway on its Instagram and Twitter accounts, however, sometimes it gets hijacked by hackers.
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.
Cash flipping
Another method fraudsters use to scam you out of money is cash flipping.
Basically, users are contacted saying that if they send a certain amount of money, they will get back more than the original amount.
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Fake Support
Oftentimes, hackers set up fake support accounts on social media or fake websites to lure victims.
Users may then log in their sensitive info, which allows the fraudster to access and clear out their accounts.
Phishing messages
One of the most common scams around is phishing via email or SMS messages.
Fraudsters will trick victims into handing over their personal details with a malicious message.
Debit card scams
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.
Romance scams
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.
The threat actor then uses ‘trust’ and romance to manipulate or steal from the victim, according to the FBI.
How to protect yourself
The good news is that there are plenty of ways you can mitigate your risk of getting scammed.
First, make sure you have enabled the most secure settings in the app.
Experts also advise users never to click on links or unsolicited emails, texts, or social media messages.
Lastly, you will want to make secure your mobile device with a strong password and/or biometric authentication.
