Filling out the PCI compliance paperwork is one of the most frustrating things to do. And at the end of the day it does literally nothing to enhance security because there is no enforcement at all!
Everyone wants their cut so they invented another way to take your money.
Yeah, PCI is a waste of time for a small shop like ours. We don't store or keep credit card numbers and we use our merchant processor website for certification and also their equipment or website to process payments. We don't have a web store. Everything is done local and 99% of our orders are swiped cards.
Zelle is extremely secure, this isn’t a weak spot on their end. Anyone who falls for a scam like this is a walking target anyway. It would be just as easy to gain access to anything they have using the same technique, all the scammer is doing is asking for your login info. If you don’t give it out, they dont get anything from you. Bottom line, don’t give out info over the phone, and you’ll be fine.
my day job is Cyber Security and this is absolutely spot on. that is the #1 cause of most "hacks" or compromises.,
An attorney friend of mine (i am a computer consultant) was explaining how he was "compromised"
They have all kinds of scams. When I was in IT, it was common that the scammers would claim to have a video of the user jacking off while screen capturing their computer screen and threaten to email it to their contact list. Another scam was to plant child porn and extort for $. Or encrypt their files and hold for randsome.
One of my favorite female realtors called me, asking if she should pay, from one of these extortion schemes.
I didn't say it wasn't. There are, however, many problems with these cash apps. So much so my banks are sending me warning letters and when I go to their website I get a great big warning. That tells me there is a problem. The scams are not all asking for your login info, it is getting you to send money to the scammer when you think you are doing a legitimate purchase. The downside is these transactions are irreversable. That is what makes them susceptable to the scams more than credit card scams since all credit cards in the USA are protected from fraudulent transactions over $50 but as far as I know all credit card issuers cover 100% of fraud transactions.
My shop doesn't accept any of those fancy new payment methods. I take VISA, MasterCard, Amex, Discover, cash and checks. Our government accounts pay by direct deposit ACH. Although I have a PayPal account, we don't offer this as a form of payment. Cash is of course, my favorite.
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