CashApp Scams See a Rise Due to COVID-19

With news of the economic hardship surrounding the containment of COVID-19, scammers are out in full force trying to get consumers to fall for CashApp scams by clicking on fraudulent and malicious links that could steal people’s money and identity.

Who Is It Targeting: Social media users, email recipients, text messaging platforms

What Is It: A phishing scam that claims to donate money to its victims

What Are They After: Like all newsworthy events, scammers have come up with a variety of ways to capitalize on the current concerns surrounding COVID-19 in order to steal money, identities or both. In this version, it is messages that offer the would-be victims’ free money via CashApp to help them through this difficult time with a link to participate. However, since it is a CashApp scam, the link is fraudulent and malicious and can lead to problems for anyone who follows it.

How Can You Avoid It:

• No one will ever contact you out of nowhere to give you money
• Never click a link, download a file or open an attachment that you were not expecting
• Never input your login credentials for someone who requests them

If you think you may be a victim of identity theft or a CashApp scam, contact the Identity Theft Resource Center for toll-free, no-cost assistance at 888.400.5530, or live chat with an expert advisor. Find more information about current scams and alerts here. For full details of this scam check out this article from IDTheftCenter.org

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