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#Venmo security breach 2020 archive#
Please try to use archive.is,, , or another archive website instead of posting the direct link. If you use the link-only posting feature in this subreddit, it will be removed automatically by the AutoModerator. We only allow images and self posts on this subreddit for safety reasons. Given the nature of this subreddit, you should treat any external links as suspicious, and you should be careful visiting any unfamiliar websites.Įxternal links, such as websites or videos, must be posted as a self post. Make sure you redact all personal information from your screenshots. If you post screenshots, you should also copy and paste the text from the screenshot into your post so that the text shows up on Google and other search engines. Include details like: what the person sent you, details included in texts/emails/in-person conversation, etc. You should post details in order to receive quick advice. We have detailed stickied threads to help you identify some of the scams we see most commonly in this subreddit please read the stickies before posting! That guideline does not apply to Master spez - he can be as much of a joke as he wants until the Board of Directors takes action. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. We'll do what we can to help, but it can't be as good as it was prior to Steve's hissy fit. Landed Gentry, opening per Master Spez's demands. We take every instance of potential fraud very seriously, and the company works diligently to support and protect our customers.Welcome to r/Scams, a subreddit for all your scam identification needs! An investigation into how the hackers were able to create a fake account and get the fraudulent transfers authorized is ongoing.Ī spokesperson for Venmo said: “When we were contacted about the situation, we worked quickly to investigate the matter and assist our customers. Venmo, which is owned by PayPal, said that the company will reimburse the Sturms for the whole amount stolen. "We're going around asking people if they've ever heard of Venmo, and a lot of people have, but we've never heard of it," she said.īecause of the change in their financial circumstances, Alan and Aviva, who both have heart problems, had to cancel their secondary medical insurance and downsize their accommodations at an assisted living facility to a one-bedroom apartment.Īlan, who is 74, said: "It was just a matter of time until we ended up in the street."īank of America told the Sturms that it couldn't return any of the stolen money because it had been told by Venmo that the couple had authorized the transfers. They contacted Bank of America and the Palm Beach County Sheriff's Office but were unable to recover any of the money.Īviva told local news source WDSU that before the theft occurred, they hadn't heard of Venmo and had no idea what it was. The couple from Boynton Beach discovered the theft when their rent payment bounced.
The sum of $1,500 was taken every week until every cent of the couple's savings was gone.
#Venmo security breach 2020 series#
The hackers reportedly stole the funds from the Sturms' bank account through a series of illegal transfers that began in March and carried on until June. The hackers gained access to the couple's Bank of America bank accounts by creating a fraudulent Venmo account. Mobile payment service Venmo has come to the aid of a couple from Florida whose entire bank account was emptied by hackers.Ĭyber-thieves stole $19,500 from retired husband and wife Alan and Aviva Sturm earlier this year.
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