Are you trying to recover your Venmo hacked account? There is no doubt whatsoever that there are many benefits associated with using peer-to-peer apps. One such benefit that is simply way too good to resist is the ability to actually send or receive money. Not only is the process of sending or receiving money very fast but it is also reliable and even better it can be done using a mobile phone. Despite all these, however, these P2P apps do have their share of cons one being accounts getting hacked.
One such peer-to-peer payment app that is a target for many hackers is Venmo. What many Venmo users don’t know or are simply oblivious to is that in addition to making the process of sending money to friends or family members easy, it does collect personal details that are very sensitive such as bank details, information hackers want. So what happens if hackers are successful in hacking a Venmo account?
When a Venmo account is hacked, first get in touch with your bank (if you have a bank account licked), then contact Venmo. Users should also consider changing their password, add a PIN and revoke access to unauthorized sessions.
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Why Do Hackers Target Venmo Accounts?
Before even delving deep into what actions to take if a Venmo account is hacked, it is ideal to first point out why a Venmo account will be hacked in the first place. That said there are two main reasons why hackers target users with Venmo accounts. One, hackers will hack a Venmo account to obtain the money stored in the account. This is one of the reasons why Venmo account holders are advised to use Venmo with very little money if possible.Â
The other reason why hackers target Venmo users is details about their bank account. To be more exact, hackers want to steal the personal bank account details of Venmo users to benefit money-wise from it. When using a bank account with Venmo, users are advised not to give Venmo a direct pipeline to their bank account, users should embrace using credit or debit cards instead as it’s easy to issue new ones if an account was hacked.
What To Do When Hackers Hack Your Venmo Account?
If an account is hacked, Venmo users should first get in touch with their bank (this is if they had linked a bank account with their account). Inform them of what has transpired and they should be able to advise on what steps to take next with your bank account. Venmo users should as well make changes to their Venmo account if they get hacked and still want to use Venmo. These changes include changing the password and PIN associated with the account as well as revoking access to unauthorized sessions.    Â
Will Venmo Support Help When An Account Is Hacked?
Unfortunately, Venmo support is not that helpful when it comes to assisting users with issues relating to their Venmo account. This is especially so if a Venmo account is hacked. It is with this that users are advised not to get in touch with Venmo first if an account is hacked given that they won’t help.
Will Venmo Issue A Refund If Account Is Hacked?
If a user ends up losing money as a result of their account being hacked, Venmo will not issue out a refund sadly. You can however get your money back if the money that was stolen as a result of a hack was directly taken from your bank account when the hack actually took place. In other words, you’ll be refunded if you didn’t have money on your Venmo account but your bank account and the hackers managed to make deposits without your knowledge.
Conclusion For Venmo Hacked Account
Venmo accounts being hacked is nothing new and as such users are advised to first not store or keep a huge amount of money on Venmo and secondly, keep their Venmo account log-in details as safe as possible.Â
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