8/27/2023 0 Comments Venmo security breach 2020![]() How did the hackers do it? They carried out a classic voice phishing scam. Her savings were drained, along with several of her friends who were caught in the same scheme. There’s one recently documented account of a Virginia teen whose Venmo account was hacked. And cybercriminals will try to access it in the same ways they’ve always tried to access people’s accounts. The short answer is yes your Venmo account can be hacked. As finance apps like Venmo continue to rise in popularity, it begs the question: can they be hacked, and how can you protect yourself? Venmo Hackers Do Exist Advocacy group Fight for the Future says UCLA was the first major university exploring using facial recognition to monitor students. The group had tested facial recognition software and found that "dozens" of student-athletes and professors were incorrectly matched with photos from a mug shot database, "and the overwhelming majority of those misidentified were people of color.Of all the types of accounts that can be hacked, few are more concerning than financial accounts. UCLA dropped a controversial facial recognition plan to monitor students. The idea was to have the University of California Los Angeles use facial recognition as a way to gain access to buildings, to prove authenticity and to deny entry to people with restricted access to the campus, matching their faces against a database. Earlier this month, Ring began offering as a default two-factor authentication, which requires you to input a passcode sent via email or text when you log into your account. After months of reports of hacks on Ring doorbells, the Amazon-owned company says Ring owners are now required to use two-factor authentication to log in to their accounts. Ring doorbells now enforce two-factor authentication. Facebook says it's working as fast as it can to get the units available to consumers again. Due to production problems caused by the effects of the coronavirus on manufacturing and shipping, Facebook has grayed out the buy buttons on its website, and the unit is not for sale on Amazon or Best Buy either. Oculus Quest sold out - the popular Oculus Quest virtual reality system that was so hot to get over the holidays is an even tougher ticket now. "PayPal is definitely less chatty with third parties than Venmo," says Jackson. It grabbed what Jackson calls "minor" information like device type and the amount of time spent on the app. ![]() We made three payments on the PayPal app from our home location, and it responded differently than Venmo. PayPal acts differently than Venmoĭespite the practices of a PayPal unit to distribute our personal information to a data collection firm, the parent company apparently acts differently. There's nothing in there about what consumers are giving up by using Venmo. "Our contracts dictate that these service providers only use your information in connection with the services they perform for us and not for their own benefit." PayPal did say it works with third-party service providers "who assist us in providing services to you" or to provide fraud detection. It also declined to answer whether the PayPal app also shares such information with Braze. It declined to answer why it shared my home location and association with Braze. Probably just like I did – a little sick to the stomach. "How would the CEO of PayPal feel about his home address and contacts being shared with third-party data collection firms?" asks Patrick Jackson, the Chief Technology Officer for security firm Disconnect. You use the app to pay your bill, and, in return, some company you've never heard of now has your address and associations. I discovered this week that when I opened PayPal-owned Venmo to pay my personal trainer and made sure to click "private," yet the app recorded my GPS location (home address) and the trainer's name, and sent it off to Braze, a third-party data collection firm. It's great.īut you know what, there's no such thing as free. I don't have to write a check or pull out some cash. The app is free, it takes just a second to initiate and finish a transaction. Many of us have ditched cash and, instead, use smartphone apps like Venmo to pay for goods and services. ![]() Watch Video: Americans want more control over personal data online ![]()
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