Quote:Scammers looking to piggyback on the #CashAppFriday trending topic on Twitter are stealing between $10 to $1,000 from each victim that falls for their efforts.
 
According to researchers at Tenable, the scams include phishing (with some links garnering up to 500 clicks each), a hoax called “cash-flipping” and user impersonation (some have even impersonated Twitter and Square CEO Jack Dorsey), among others.
 
The legitimate Cash App Friday is a marketing ploy; the money-transfer app (owned by Square) tweets out a picture, and people are supposed to comment on the posting and include their “cashtag” (user ID) for the app. The company then randomly selects users on the thread to give money away to in what it calls “a blessing.” It’s attracted a lot of notice; the Cash App Friday promotion has garnered 1.2 million Twitter mentions, with a reach of 1.4 billion in the past year alone, according to Tenable stats.