A cash app is a smartphone application that allows you to send money to your friends, family, coworkers, or anyone, really. It’s a convenient way to avoid turning over credit cards and bank information and, as long as you and the recipient have access to the app, you can exchange money with little to no delay.
The idea is great, but as with all things digital, there are people who are looking for ways to crack these security measures. This latest story has to do with a cash app called CashApp, and it takes place in Georgia, where a woman’s bank account was drained.
Defenx PLC (LON:DFX), founded in 2009 and listed on the London Stock Exchange, is an up-and-coming company in the mobile security sector which offers a wide range of solutions for the protection of smartphones, desktop PCs and laptops.