CashApp, Venmo, and Zelle related scams on the rise
Scammers are calling people while pretending to be their bank, warning of fake suspicious activity and then pressuring them to move money or share a code. Because the person ends up approving the transfer themselves, it can be very hard or impossible to get the money back.
Who is at risk
Anyone who uses a bank account or money transfer app like Zelle or Cash App is at risk, especially people who receive unexpected calls about urgent account problems.
What to watch for
Watch for calls or texts that appear to come from your bank and push you to act immediately, move money, share a one-time code, or send money to yourself or a "safe" account.
What to do
If you get an unexpected fraud call, hang up right away and call your bank using the number on the back of your card or from its official website or app before taking any action.