Sauder Schelkopf is investigating a reported data breach potentially impacting over 8 million users of the mobile payment app Cash App after a former employee of the company allegedly downloaded reports containing the personal information of U.S. users.
TechCrunch reported in part:
Block has confirmed a data breach involving a former employee who downloaded reports from Cash App that contained some U.S. customer information.
In a filing with the Securities and Exchange Commission (SEC) on April 4, Block — formerly known as Square — said that the reports were accessed by the insider on December 10.
“While this employee had regular access to these reports as part of their past job responsibilities, in this instance these reports were accessed without permission after their employment ended,” the filing reads. Block refused to answer our questions about why a former employee still had access to this data, and for how long they retained access after their employment at the company had ended.
The information in the reports included users’ full names and brokerage account numbers, and for some customers the accessed data also included brokerage portfolio value, brokerage portfolio holdings, and stock trading activity for one trading day.
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