Electronic Frontier Foundation
EFF is teaming up with the Mozilla Foundation to tell Venmo to clean up its privacy act. In a public letter sent to President/CEO Dan Schulman and COO Bill Ready today, we are telling Venmo to make transactions private by default and let users hide their friend lists.
Both EFF and Mozilla have voiced concern with Venmo’s privacy practices in the past. Venmo is marketed as a way for friends to send and receive money, so people can easily split bills like restaurant checks or concert tickets. However, those transactions are public by default, which can reveal private details about who you spend time with and what you do with them. While users do have an option to hide their transactions if they dig into Venmo’s privacy settings, there is no way for users to hide their friend lists. That means that anyone can uncover who you pay regularly, creating a public record of your personal and professional community.