The Cash app confirms data breaches affecting millions of users
Square Company announced that the Cash app suffered a data breach last December.
On Monday, the block admitted the violation to the Securities and Exchange Commission and also filed a filing on it.
The filing reveals that a former employee gained access to reports containing US consumer information.
All this happened after the employee left the company on December 10, 2021.
More than 8 million users were affected by these cash app violations.
In the filing, the block explained that the employee had "regular access to these reports in his past employment responsibilities."
He gained access to sensitive reports after leaving the job.
Block has confirmed that the reports include the full names and brokerage account numbers of US users.
These brokerage account numbers are the customer's unique IDs when investing in a cash app
Some reports also included brokerage portfolio value, brokerage portfolio holdings, and one trading day's stock trading activities.
Her reports did not include any other personally identifiable information.
But it does include any username, password, social security number, date of birth, payment card information, address and bank account information.
There were no security codes or access codes to access it.
The breach did not affect consumers outside the United States.
Block also said it had launched the investigation with the help of a well-known forensic firm.
The company has not yet said how many customers were affected.
But it will contact 8.2 million current and former users and alert them to the breach.