Cash App user information, a digital payment application owned by Jack Dorsey and owned by Block’ company, was seized by cyber attackers and put up for sale on the deep web.
Cash App is a platform in the United States and the United Kingdom that allows users to transfer money to each other using a mobile phone application. mobile payment service. service in September 2021, Users with 70 million annual transactions and $1.8 billion gross profit reported. Cash App Jack Dorseywhich has block managed by the company. Google Play Store‘from Over 50 million downloads Cash App, one of the most popular payment services, seems to be in trouble with hackers lately.
After intense complaints from Cash App users, hackers infiltrated user accounts and offered this information for sale in illegal markets. withdrawal of hundreds of thousands of dollars from user accounts cause was discovered.
Especially Alphabay It is known that there are many Cash App user accounts offered for sale in the illegal deep web market. User containing email addresses and login information It is stated that sales are circulating in the markets with prices not exceeding one hundred dollars (approximately 0.658 XMR). The current balances of Cash App accounts offered for sale on the deep web are claimed to be between $1,000 and $5,000.
Many users, especially from the USA, have recently when filing a complaint about It is not known exactly how many accounts were hacked in total and what the material extent of the damage was. On the Cash App official website, users can access the linked email addresses. two factor authentication It encourages you to make sure it’s active. The app also states that an extra feature called “Security Lock” can be useful for protecting accounts.
Here’s a Cash App spokesperson’s statement to Motherboard:
We are constantly improving systems and activities to help prevent, detect and respond to attacks on the platform. We invite anyone who believes they have been the victim of identity theft or account hijacking attacks to reach out to Cash App Support, where we will review the account in question. If fraud is detected, we will take appropriate action, starting with account closure and deactivation of all related products.