"DA Urges Crackdown on Cash App Fraud Threatening Bank Accounts"

Manhattan District Attorney Alvin Bragg has sent letters to Venmo, Zelle, and Cash App demanding increased protections for users amid a surge in scams and crimes involving unauthorized access to unlocked devices and draining bank accounts. He highlighted incidents such as thefts in Los Angeles and a robbery in Orlando, and provided recommendations for the companies to enhance security measures. The companies responded by emphasizing their commitment to customer safety and security, with measures such as fraud detection tools, transaction limits, and consumer education.