What Cash App Users Need to Know After a Massive Data Breach Affecting Millions

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Cash App, the free financial app that lets users transfer money between friends and also provides banking and investment services, suffered a breach in December 2021 that put the data of more than 8 million people at risk of users.

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Block, the financial services and digital payments company that owns Cash App, admitted the breach in a Securities and Exchange Commission (SEC) filing on Monday, April 4, 2022.

The SEC filing shared that a former employee accessed reports containing full names and brokerage account numbers for US clients. Some reports also contained brokerage portfolio value, portfolio holdings, and stock trading activity.

Block said it would contact 8.2 million current and former US customers to notify them of the breach. The company also said the reports did not include usernames, passwords, social security numbers, dates of birth, payment card information, or bank account information.

If you’re a current Cash App user or have been in the past, keep an eye out for an email from Block detailing the breach and next steps for consumers, BGR.com reported. Block is currently working with a forensics firm to determine the impact of the breach and prevent future breaches.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketer with interests in finance, e-commerce, technology, and real estate. His long list of publishing credits includes Bankrate, Lending Tree and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology and entertainment website. She lives in Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten and three lizards of different sizes and personalities – plus her two children and her husband. Find her on Twitter, @DawnAllcot.

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