A local police department in the U.S. is warning of a wave of phishing scams targeting users Venmo mobile payment service with text messages that direct to a fake website. The message informs the potential victim that their Venmo account will be charged unless they decline the operation. A more elaborate version exists where the victim receives a large amount of money from someone they don’t know. The number of Venmo users has grown to 40 million, according to PayPal’s financial report for Q1.
Source: https://www.bleepingcomputer.com/news/security/beware-of-venmo-scams-targeting-users-via-text-messages/