Cash App data breach affects US users


(WJW) — The company formerly known as Square has announced a customer data breach on its Cash App mobile payment service.

Block Inc. filed a report with the Securities and Exchange Commission (SEC) on Monday admitting the breach, which took place on December 10 and allegedly involved a former employee.

The records that the employee, who was no longer with the company at the time of the breach, was able to access included full names and brokerage account numbers (which have to do with trading activity), but not social security numbers or banking information.

It is not currently known how many customers are directly affected by the incident, but it is believed to have only affected those in the United States.

In the filethe company said an investigation is currently underway:

The Company takes the security of customer information very seriously and continues to review and strengthen administrative and technical safeguards to protect customer information. Future costs associated with this incident are difficult to predict. Although the Company has not yet completed its investigation into the incident, based on its preliminary assessment and information currently known, the Company does not currently believe that the incident will have a material impact on its business, operations or its financial results.

The company says its millions of users will be notified of the breach, so watch out for emails. Those with questions regarding the incident can contact the company.

Cash App is a mobile payment service owned by Block, Inc. (formerly Square). Users can transfer money directly to other people (like with Venmo), and they can also use it to buy stocks and cryptocurrencies.

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