Millions of people use mobile payment apps like PayPal’s Venmo and Square’s Cash App everyday to transfer money directly from their bank accounts to friends, family and merchants. These platforms offer convenience, but they aren’t without security risks, due in part to their combination of finance and social media. Users can also be targets for hackers looking to drain financial accounts.
But don’t worry — there are plenty of ways for you to secure your Venmo and Cash App accounts with a few simple settings changes and privacy best practices. Here’s what to do.
Basic tips for protecting your privacy on Venmo and Cash App
Both payment apps use encryption and fraud detection technology to protect account information. But to better ensure your security, you should take a few extra steps.
Use a randomly generated password
We know — you’re tired of hearing about how you need to use unique, hard-to-guess passwords for every account. But it’s still true, especially…
