Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns

 

(CNN)– Many use payment apps as a way to send money.

However Manhattan District Attorney Alvin Bragg is warning theft while using those apps is quote “skyrocketing”.

Bragg says culprits range from violent offenders to savvy swindlers who trick their way into locked smartphones

He has sent a letter to several payment services demanding they put in more security measures.

Those include lower transfer limits, increased monitoring for unusual activity or even being able to cancel a transaction.

In the letter, Bragg wrote failure to take proactive steps will lead to countless unsuspecting victims.

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