Venmo users: time to hide your drug deals and excessive pizza consumption (Sophos)

Sophos: Venmo users: time to hide your drug deals and excessive pizza consumption. “If you owe someone a small sum of money, or just want to pay an odd amount without going to an ATM, you can do that using Venmo in a matter of seconds as long as the recipient is willing to join too. This convenience (coupled with its ownership by payments giant PayPal) has helped it attract seven million users who in 2017 shifted a reported $18 billion. Did we mention that transactions not involving a credit card are free? If this is starting to sound like an advert, it’s time to mention a quirk that some find a bit harder to swallow – transactions conducted through Venmo appear to be public by default.”

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