How to protect yourself from Venmo, Zelle and Cash App scams that ruin your savings in seconds

Imagine walking down the sidewalk and being confronted at gunpoint by a crook.

Open the payment app on your phone and transfer out your hard-earned cash, or take a bullet in the head.

That’s one phone cash ripoff scenario of many playing out in real-life America.

Other cash app crimes are happening due to the vulnerability of an unlocked iPhone without the new Stolen Device Protection turned on in iOS.

These are examples of how mobile payment apps can put your money and your life at risk.

Do you use mobile payment apps like Venmo, Zelle or Cash App to send and receive money? If so, you’re not alone. These peer-to-peer payment services now handle an estimated $1 trillion in payments.