Have you noticed the significant increase in the social media posts stating how their Cash App accounts are being hacked? As it leaves most users confused as to how their accounts are being hacked, a possible source in question is Email addresses.
Firstly it is important to know what Cash App accounts are. Cash Apps enables their users easy payment with the help of a mobile device to send cash immediately from one peer to another. These cash apps also generally offer the optional visa debit card if the user wants it just for the customers to use their finances that are in the cash app account and additionally make it less difficult for them to withdraw the amount from the ATM. Such digital payment platforms make it very handy for the customers to perform monetary transactions online and it is no mystery that this comfort and ease does come at the cost of being more exposed to scams.
Can You Be Scammed Through Your Email Address?
The truth is that as EzChargeback helps us understand the likelihood of your Cash App account being hacked simply because the hacker got to know about your email address is very slim as they would also need to have your username and password to gain access. That does not mean your email address cannot be mis-used for their benefit as it can be used to send highly believable phishing emails with the intention to get you to click on a link. The worst case scenario is that if the hacker has access to your email account then they will be able to change your passwords and gain access to all important logins linked to your email account.
As a significant number of users still to this day fall for such scams EZChargeback helps us know how scammers can mis-use our email address to get information through it in order to drain the users balance as soon as possible ensuring that the user does not get enough time to react to it. This is a serious threat as they could send emails to your friends and family in order to get them to send you money when in fact, the money is going into their pockets.
How to Avoid Scams
Generally, it’s easy to avoid getting scammed when it comes to cash app these days as well as social media. However, everyday people, such as you and I, tend to underestimate the skills that these scammers have and carry forward with the concept that we are much smarter than scammers and hackers. While it may be true that you are as smart as the hacker or the scammer whichever the case is for you, all that it takes is an existing moment in which you are distracted to get you to fall into a scam. Phishing emails, messages, direct messages, even phone calls has the ability to mimic legitimate cash app messaging, websites, email addresses, as well as phone numbers.
Cash apps and similar digital banks such as Venmo, are mainly developed for simple money transfers between friends and family. There are more secure digital banks that can be used as any traditional bank with all the security and protection they offer. Cash app’s money transfer and payments are basically, in most cases, irreversible, due to which there probably won’t be much that you can expect from the cash app in such cases. Scammers are always on the look-out for the most gullible of users to scam as it would be easier to convince them to send the money.
What to Look Out For?
It is important that you know how your Cash Apps connects to their customers as Cash app’s support team will never ask you for your login credentials such as your pin, passcode code, bank information, credit card number, etc and You as a user hold complete rights to deny sharing that information without confirming their authenticity and legitimacy. You also won’t ever be asked to pay a certain amount simply to access your own funds. Please do your research well to protect yourself from these scams. After all, if it looks too good to be true, it probably actually is too good to be true.
As EZChargeback has made it clear that just because someone knows your email address it does not mean they can hack into your Cash App Account and steal your hard earned money. However if the scammer/ Hacker is able to hack into your email account, the situation is very different and they can easily deny your access back into that account. They can take over the account, change passwords, access all linked accounts including your Cash App account. Due to this it is important to use two factor authentication to protect your email accounts from such hackers.