"Cracking Down on Payment App Scams: Protecting Your Savings from Fraud"

Manhattan District Attorney Alvin Bragg has raised concerns about the vulnerability of mobile payment apps like Venmo, Zelle, and Cash App to scams and thefts, prompting demands for improved security measures. The companies behind these apps have responded by highlighting their efforts to protect customers and prevent fraud. To safeguard against mobile payment fraud, users are advised to take precautions such as using official app sources, enabling two-factor authentication, and monitoring account activity closely. If scammed, users should report the incident to the app, financial institution, and authorities, and consider subscribing to identity theft protection services.