Tech

Cash App Breach Affects Over 8 Million Users


Block revealed today that a security breach involving a former employee affected 8.2 million Cash App user. In one Filing with the SECThe company reported that a former employee on December 10 downloaded some report with information about customer information. The data retrieved includes full names, brokerage account numbers, brokerage portfolio values, brokerage portfolio holdings, and reports on stock trading activity.

According to the records, only customers who used Cash App’s stock function is likely to be violated. While the Cash App started out as a peer-to-peer payments app, its customers can also use it to buy stocks and Bitcoin. There are no Cash App features other than the stock involved in the breach, nor does it include any customers outside of the United States, according to the company.

“The reports do not include usernames or passwords, Social Security numbers, dates of birth, payment card information, addresses, bank account information or any other personally identifiable information. They also do not include any security codes, access codes or passwords used to access the Cash App account. Other products and features of Cash App (apart from stock operations) and customers outside of the US are not affected,” Block wrote in the filing.

Block has opened a formal investigation into the incident and has contacted law enforcement. It also plans to notify all 8.2 million customers involved in the breach via email.

According to the filing, this former employee had access to customer information when he was an employee at CashApp. But by the time the breach happened, they had been out of the company for several months. It’s not clear how a former employee can still obtain such sensitive information. Engadget has reached out to Block for feedback and will update if we get a response.

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