This is so far all we know about the Data Breach Cash App that happened lately. Keep reading to get the full details.
Approximately, more than 8 million Cash App users might have been impacted by a data breach, per a recent filing to the U.S. Securities and Exchange Commission by parent company Block Inc.
Last Monday, Block announced that a former employee had accessed and downloaded certain reports of its subsidiary Cash App Investing LLC in December without authorization.
What Was Really Affected?
It does not include usernames, passwords, Social Security numbers, birthdays, addresses, or bank account information. Instead, it includes full names and brokerage account numbers.
For some customers, their downloaded data also included data about their stocks, portfolios, and trading history for one day.
Once Block learned of the data breach, the company launched an investigation, in collaboration with an outside counsel and with the help of a leading forensics firm.
Have Anyone from the Company Spoken About This?
According to the filing, only Cash App users who use Cash App Investing are affected by the breach. The company is in the process of contacting those 8.2 million users to notify them about the security incident.
Future costs associated with this incident are difficult to predict, the filing stated. The Company has not yet completed its investigation of the incident and the Company cannot yet definitively say whether or not the incident will have a material impact on its business, operations, or financial results.
Well, in a statement to Fox News, a spokesperson for Cash App emphasized the company’s commitment to safeguarding its users.
As we work through this situation, we want to make it clear to customers that we value their trust. Upon discovery, we took steps to remediate this issue and launched an investigation with the help of a leading forensics firm.
We know how these reports were accessed, and we have notified law enforcement. We are also contacting customers whose data was impacted.
In addition, we continue to review and strengthen administrative and technical safeguards to protect information.