Lars Daniel is the Practice Leader of Digital Forensics at Envista Forensics. He covers cybersecurity and electronic evidence, focusing on the intersection of technology in legal proceedings and our digital lives.
Cash App , a leading mobile payment platform under Block Inc ., formerly known as Square , is set to pay $15 million in a settlement following a significant data breach .Block’s filing with the U.S. Securities and Exchange Commission, or SEC
, the breach occurred when a former employee downloaded reports on December 10, 2021, that contained sensitive customer information, including full names and brokerage account numbers. For some users, additional data such as portfolio values and trading activity for a single day were also compromised. Critically, the reports did not include highly sensitive details such as passwords, Social Security numbers, card information or banking details.Block reiterated its commitment to user data security in its public disclosures, stating that the company has taken steps to strengthen both technical and administrative safeguards following the breach.
"At Cash App we value customer trust and are committed to the security of customers’ information. 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.
Block Inc Square Cash App Data Breach Data Breach 2024 Cash App Hacked Data Breach Cash App Money Cash App Claim Cash App Settlement
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