Fraud Detection and Response | SC Media

Fraud Detection and Response

RansomPayment

P2P payment apps, users urged to curb COVID-19 advance fee fraud

Fraudsters posing as celebrities, philanthropists and do-gooders offering financial aid to everyday people struggling due to the COVID-19 epidemic are running scams on users of peer-to-peer payment applications such as Cash App and Venmo, but financial service providers and consumers can reduce the risk of becoming victims by implementing a few security measures. Satnam Narang,…

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