Venmo to Reimburse Hacking Victims
Mobile payment service Venmo has come to the aid of a couple from Florida whose entire bank account was emptied by hackers.
Cyber-thieves stole $19,500 from retired husband and wife Alan and Aviva Sturm earlier this year. The hackers gained access to the couple's Bank of America bank accounts by creating a fraudulent Venmo account.
The hackers reportedly stole the funds from the Sturms' bank account through a series of illegal transfers that began in March and carried on until June. The sum of $1,500 was taken every week until every cent of the couple's savings was gone.
The couple from Boynton Beach discovered the theft when their rent payment bounced. They contacted Bank of America and the Palm Beach County Sheriff's Office but were unable to recover any of the money.
Aviva told local news source WDSU that before the theft occurred, they hadn't heard of Venmo and had no idea what it was.
"We're going around asking people if they've ever heard of Venmo, and a lot of people have, but we've never heard of it," she said.
Because of the change in their financial circumstances, Alan and Aviva, who both have heart problems, had