A couple of months into 2019 and multiple social media, entertainment and financial apps and online services have been coming across some serious content problems and security issues. Recently, many users of popular payment apps, such as Cash App, Venmo and PayPal, started to state publicly their fears and concerns that hackers are targeting their financial accounts on these apps.
Payment apps have indeed made it easier and more convenient to send, transfer and receive any amount of money with no need for banks and hours of waiting for the job to be done. However, with the palpable success of Cash App, for example, the online payment service became a target for hackers who are determined to utilize elusive ways to hack into users’ accounts and steal their money. Some hackers, for example, have have been wandering the streets asking people to use their phones for emergency, whilst in reality they are transferring the person’s money into their accounts. Police officials in many countries warned the people not to give their phones to any stranger or they’ll be stripped down from their online funds in a couple of quick steps.
Many people have, unfortunately, fallen into these hacking situations where they willingly hand a stranger their personal devices only to find out later that they’ve been robbed. And even if people refuse to respond to any stranger after these Cash App incidents, there are still many online ways that hackers put to use in order to infiltrate any payment account. Hackers search for information available on social media accounts that the users willingly supply and through these very personal information – birthdays, kids names, family members, special anniversaries and the such – hackers can log into your payment accounts on Cash App and Venmo. However, Cash App is extremely keen on protecting its wide range of users and their accounts by updating its software, especially the security features. Users of Cash App must update the platform’s version regularly in order to keep their payment accounts safe and secure.
Also many experts in the field suggested that, for more protection, users should link their Cash App account to their credit card which will make any hacking process extremely difficult to occur. Moreover, if the user opts for a PIN to further secure his payment account, then it’s preferable to choose a sophisticated number combination that isn’t familiar to any one or published on any social media account – years of birthdays aren’t good choices. Developers of the popular payments service, Cash App, promised to continue to release regular software and security updates in order to maintain full protection of the users’ financial accounts.
