Friday, February 27, 2015

Does Venmo have a security problem?


It's a familiar sinking feeling. What if the easy app you use all the time is leaving you vulnerable to a digital attack? Even worse, what if the features that make it easy to use are the same ones that make it vulnerable?


That's the case made in a Slate piece by Alison Griswold yesterday, taking Venmo to task for lax security practices. Griswold followed a user whose account had been compromised and drained of close to $3000. The subject didn't find out until a full day later, thanks to disabled notifications. It's unclear how the attacker got in, but the company does not support the two-factor protections that might have kept him out. (Venmo's parent company PayPal offers both two-factor authentication and mandatory notifications for...


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