Threats of P2P Fraud on Cash App

Chargeback Gurus' Audio Blog

English - May 05, 2021 20:00 - 6 minutes - 4.53 MB
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In the fast-paced mobile economy, peer-to-peer payment apps are surging in popularity over older, more laborious methods of sending and receiving money. Platforms like Cash App make it easy to exchange quick, informal payments, even for users who aren’t customers of traditional banking institutions.

The downside is that cybercriminals are flocking to these platforms too, exploiting their unique features to take advantage of users who are still learning the best ways to protect their finances over these new and convenient apps. What makes Cash App vulnerable to fraud, and how are scammers taking advantage of it?

Full Text:
https://www.chargebackgurus.com/blog/cash-app-fraud