Mobile-payment app Venmo will improve its security features by adding stronger authentication procedures and email notifications, the company announced Monday.
Now users will receive notification emails anytime their phone number, email or password is changed, including a confirmation message to their original email address, along with a verification message to the new email address. Phone verification alerts will also be sent to mobile numbers.
Venmo will also soon verify a user's identity through multiple methods, such as mobile-phone verification in addition to a regular password.
The security upgrade follows a recent case in which a user was fleeced out of approximately $3,000 after login credentials were suspiciously changed without notification.