SOPHIA ROSENBAUM
Associated Press
NEW YORK (AP) — My desperation to see Ariana Grande in concert created the perfect trap.
Instead of seeing her sing about love and loss, I got sucked into an online ticket scheme that cost me $75 and a big chunk of my pride.
Con artists often get away with scams like these because digital payment services such as Venmo and Apple Cash don't protect consumers the same way credit cards do. As a rule of thumb, the newer the service, the more likely con artists will target it.
"The regulations haven't caught up with these technology capabilities," said Krista Tedder, head of fraud management at the advisory firm Javelin Strategy & Research.
With credit cards, a federal law caps your liability at $50, and most companies go further with zero-liabilit