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Block Cash App Data Breach Investigation

Written by The Lyon Firm on . Posted in Class Action, Data Breach.

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The Lyon Firm is actively involved in personal privacy and data theft cases and is currently investigating Block Cash App data breach claims.

Block’s Cash App is now notifying 8.2 million American customers of a data breach following reports of a former employee accessing account information.

Block has yet to answer questions about why a former employee would still had access to sensitive consumer data, and what may have happened to that information. The data may have included Cash App users’ full names and brokerage account numbers.

Block has not stated exactly how many Cash App customers were impacted by the security breach, only that it started contacting over 8 million current and former customers.

The discovery of the incident is a bit tardy, to say the least, at around four months after the data leak occurred. Cash App released a statement, saying the following: “At Cash App we value customer trust and are committed to the security of customers’ information.” A Cash App spokesperson told TechCrunch , “Upon discovery, we took steps to remediate this issue and launched an investigation with the help of a leading forensics firm. We know how these reports were accessed, and we have notified law enforcement.”

What Do We know About the Cash App Data Breach?

In an April 4 filing with the Securities and Exchange Commission (SEC), Block said the data was accessed on December 10.

Block confirmed the data breach involved a former employee who downloaded reports from Cash App that contained some U.S. customer information.

Block noted, “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.”