kamruun Blocks, financial services and digital payment companies previously known as Square, have announced that cash applications suffer from data violations last December. Block submits submission to the Securities Commission and Exchange (SEC) this Monday recognizes violations. Archiving reveals that former employees access reports that contain US customer information. This happened on December 10, 2021, after the employee left the company.
Cash App breach affects over 8 million users
In archiving, blocks explain that employees “have regular access to these reports as part of their past work responsibilities.” The problem is they once again access this very sensitive report after their work ends.The block confirms that the report contains the full name and brokerage account number for US customers. Broker account number is a unique ID related to customer stock activity on cash application investments. Broker Portfolio Value, Portfolio Broker Holdings, and Stock Trade activities for one trading day are also in several reports.
Reports do not include information that can be identified in other people. This includes a username or password, social security number, date of birth, payment card information, address, and bank account information. They do not display security codes or access codes too. And violations do not affect customers outside the US.Blok said that he had launched an investigation with the help of a leading forensic company. The company does not say how many customers are affected. But it will contact 8.2 million customers today and the former to tell them about violations.
What comes next
There are still many things we don’t know about the incident. It took four months for blocks to find cash application data violations. It is not clear what is done by ex-cash employees with information from the report. Block notes that the incident should not have “material impact on business, operation, or financial results.”We hope to hear more from the block in the near future. Meanwhile, if you have used investment in cash applications in the past, beware of emails from the company. Blocks say will share information about violations and resources to answer questions.
