Customer information from more than eight million people who use Cash App Investing was downloaded by a former employee, according to Block, the owner of the Square system.
In a filing on Monday with the U.S. Securities and Exchange Commission, Block said it “recently determined” that a former employee downloaded the reports on Dec. 10, 2021.
“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,” Block said in the filing.
Block said the information downloaded include the customer’s full name and brokerage account number and for some customers “also included brokerage portfolio value, brokerage portfolio holdings and/or stock trading activity for one trading day.”
The reports did not include “user names, passwords, Social Security numbers, date of birth, payment card information, addresses, bank account information, or any other personally identifiable information.
They also did not include any security code, access code, or password used to access Cash App accounts. Other Cash App products and features (other than stock activity) and customers outside of the United States were not impacted,” Block said.
Once it was discovered, Block said it launched an investigation with the help of a forensics firm.
“Cash App Investing is contacting approximately 8.2 million current and former customers to provide them with information about this incident and sharing resources with them to answer their questions. The Company is also notifying the applicable regulatory authorities and has notified law enforcement.”
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April 07, 2022 at 07:54PM
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Block says former employee downloaded Cash App Investing data for 8 million customers - PennLive
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