CashApp Customers Affected by Data Breach

Developed by Block, Inc., Cash App is a mobile payment service that enables customers to send money to one another using a mobile phone application. Currently, the service is only accessible in two countries: the United Kingdom and the United States.

What Happened?

Cash App is alerting 8.2 million current and past clients in the United States of a data breach that occurred as a result of a former employee gaining access to their account information.

During a Form 8-K SEC filing, Block, Inc., reported that the breach happened on December 10th, 2021, when a former employee obtained internal Cash App reports while no longer employed by the firm.

According to Block, the data included the complete identities of Cash App consumers as well as the brokerage account numbers linked with their investing activity on Cash App. For certain clients, more information was revealed in the reports, such as portfolio valuations, holdings, and perhaps trading activity for a single trading day, which was not previously disclosed.

The data breach did not contain more sensitive information such as passwords, Social Security numbers, or payment information, according to a report published by TechCrunch.

On April 4, 2022, Block, Inc. (the “Company”) announced that

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