MORE than 8 million Cash App users’ data has been breached, according to a new report.
Cash App’s parent company Block Inc. revealed on Wednesday that a former employee accessed 8.2 million users’ information.
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The breach happened on December 10th when the ex-employee downloaded several internal documents containing sensitive information, according to a new SEC filing.
Specifically included in the reports are full names, brokerage account numbers, brokerage portfolio value, brokerage portfolio holdings, and stock trade activity.
Only users that utilized Cash App’s stock function were vulnerable to the breach, per the filing.
Furthermore, customers outside of the US were not affected by the data leak, the company noted.
“The reports did not include usernames or passwords, Social Security numbers, date of birth, payment card information, addresses, bank account information, or any other personally identifiable information,” Block said in the filing.
“They also did not include any security code, access code, or password used to access Cash App accounts,” they added.
Certain Block employees are privy to Cash App user information.
However, because the ex-employee had not been with the company for several months prior to the breach, it’s unclear how they could have obtained the highly sensitive data.
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Block said that a police investigation is currently underway and all 8.2 million users involved in the incident will reportedly be contacted via email.
In a statement to McClatchy News, a Cash App spokesperson said the company will “continue to review and strengthen administrative and technical safeguards to protect information.”
The spokesperson added that users may reach out to Customer Support if they have any questions regarding the breach.
Cash App is a mobile payment service that allows users to seamlessly transfer money to one another.
The app is one of the most popular of its kind, boasting more than 36 million monthly active users.
It also differentiates itself from other monetary transfer apps by allowing its customers to buy stocks and Bitcoin.
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