Cash App, a mobile payment application, has published a report stating that a former employee accessed customer records without permission and the company was exposed to a data breach. Although the report is now published, the incident occurred on December 10, 2021. Block, the app’s parent company, filed an application for infringement with the U.S. Securities and Exchange Commission on April 4.
Cash App is an application that allows to transfer money between users via smartphone. But for now, it is not officially available in Turkey, it only serves in the USA and the UK. So, what are the details of the news? Let’s take a look at the details together.
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The company left questions unanswered!
According to the report prepared by the Securities and Exchange Commission; customer names, assets, addresses and business activities. However, according to the company, no information was accessed other than the names of the users. Access to usernames, addresses or other information is not possible.
The company did not disclose how many people were affected by the Cash App data breach. But the company is known to have contacted 8.2 million current and former users. Block, formerly known as Square, immediately launched an investigation after the breach. However, the company did not answer the question of why the former employee had access to this data. Cash App spokesperson said in a statement on the subject:
“At Cash App, we value customer trust and are committed to the security of customers’ information. Upon its discovery, we took steps to address this issue and launched an investigation with the help of a leading forensic firm. We know how these reports were accessed and we have notified law enforcement. In addition, we continue to review and strengthen administrative and administrative proceedings. We have taken technical measures to protect the information.”
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What do you, our readers, think about the Cash App data breach? You can express your thoughts in the comments section or on the SDN Forum.