What is Cash App?
Cash app is a remote payment app and pay bills from your place without the need to go to the bank, free and does not require any download costs, available reliably in all countries of the world, the application is used by nearly 10 million permanent users from all over the world, you can easily send money And create bank transfers anytime and anywhere, pay online for restaurants, markets and online stores without obstacles.
The application displays a complete list of withdrawals and continuous notifications, you can lock the account with a Fingerprint A, set a strong password, buy, exchange, redeem and invest e-currency And earn money, you can receive money if you are a merchant or in a cash account, which is really very safe and very accurate in financial operations and quickly. in government or other payments.
Cash App Bbreach Affected More Than 8 Million Users
Cash App, the popular peer-to-peer payment system that also offers crypto and other stock investing features, reveals a security breach affecting 8.2 million of its users. Block, formerly known as Square, disclosed the breach in an SEC filing this week.
How Data Breach for Cash App Users?
Today, Block revealed that a security breach involving an ex-employee affected 8.2 million cash app users. In filing with the Securities and Exchange Commission, the company stated that a former employee downloaded a series of reports containing customer information on December 10. The leaked data included the full names, brokerage account numbers, brokerage portfolio value, brokerage portfolio holdings and stock trading activity reports.
Related: How to use Cash app?
Depending on the registration, only customers who used inventory functionality in the Cash app may be included in the violation. While the Cash app started as a peer-to-peer payment app, its customers can also use it to purchase stocks and Bitcoin. No other unavailable Cash app features were implicated in the breach, and it did not involve any customers outside the United States, according to the company.
What Cash App's data has been breached?
“The reports did not include usernames, passwords, Social Security numbers, dates of birth, payment card information, addresses, bank account information, or any other personally identifiable information. Nor did they include any security codes, access codes, or password used to access Cash App Accounts Other App Cash products and features (other than inventory activity) and customers outside the US were not affected,” Block wrote in the file.
Block launched an official investigation into the incident and contacted law enforcement authorities. It also plans to notify the 8.2 million customers involved in the breach via email.
According to the filing, the former employee had access to customer information as an employee of Cash App. But when the breach occurred, they had already been gone from the company for several months. It is unclear how the former employee was still able to retrieve such sensitive information. Engadget has reached out to Block for a response and will update if we hear back.
Quick reactions from some competent authorities to solve the problem of data breach of Cash App users
As reported by TechCrunch, the Cash app notifies about 8.2 million of its users about this. The information the former employee is likely to access includes full names and brokerage account numbers. In some cases, the employee also gained access to “brokerage portfolio value, brokerage firm amount, and stock trading activity for a trading day.”
In the email sent to affected cash app users, Block explains that this employee had "regular access to these reports" as part of his job, but retained access after employment. TechCrunch:
"While this employee had regular access to these reports as part of his prior job responsibilities, in this case he accessed these reports without permission after he terminated his employment," the filing reads. The block refused to answer our questions about why the former employee continued to have access to this data and how long he maintained access after he ended his employment with the company.
In a statement, Cash Request spokeswoman Danika Owsley explained that she took swift action to resolve the issue once it was discovered:
"At Cash, we value customer trust and are committed to the security of customer information. Following the discovery, we took steps to address the issue and launched an investigation with the help of a leading forensic firm. We know how these reports and notified the police. In addition, ".
At this point, we're still waiting for more details on exactly how many customers are affected, and the block only says that it frames 8.2 million of its users. This means that if you're likely to get stuck, you can expect to receive an email, or you may have already received it from the Cash app.TechCrunch.
How to receive money on Cash App by sending a request?
- Open the Cash App on your device.
- To request money from someone, go to the “$” tab with the dollar sign at the bottom center of the screen.
- Enter an amount, then tap Request in the lower left corner.
- Choose a person (or multiple people) to request money from, either from a list of suggested people or by manually entering their email, phone number or $cashtag.
- You can also add a note, if you wish, to remind them of what this is for.
- Then tap the green "Request" button in the upper-right corner of the screen.
Comments
Post a Comment