Manhattan District Attorney Alvin Bragg is raising red flags on what he calls a growing problem linked to the rise of mobile payment services such as Venmo, Zelle and Cash App. Bragg told "GMA3" Monday that there has been a large jump in crime surrounding mobile payment services, with users having huge sums of money taken out of their accounts without their permission or knowledge and even becoming victims of alleged hold-ups on the street. "So right now, [with] two taps, if someone has your phone, they can have your life savings," Bragg said.
paymen Imagine walking down the sidewalk and being confronted at gunpoint by a crook. Open the payment app on your phone and transfer out your hard-earned cash, or take a bullet in the head. That’s one phone cash ripoff scenario of many playing out in real-life America. Other cash app crimes are happening due to
Cash app crimes are happening due to the vulnerability of an unlocked iPhone without the new Stolen Device Protection turned on in iOS. These are examples of how mobile payment apps can put your money and your life at risk.
Peer-to-peer payment cash apps like Venmo, Zello and Cash App are exposing many users to scams and thieves, according to Alvin Bragg, Manhattan's district attorney.