More than 8 million users of the mobile payment application Cash App could have been impacted by a data breach, according to a filing this week through the U.S. Securities and Exchange Commission by parent company Block Inc.
On Monday, Block announced it had learned a former employee downloaded "certain reports of its subsidiary Cash App Investing LLC" in December without permission.TIKTOK SHARES MORE OF YOUR DATA THAN ANY OTHER APP, AND A STUDY SAYS IT'S NOT CLEAR WHERE IT GOES
For some customers, the downloaded data also included "brokerage portfolio value, brokerage portfolio holdings and/or stock trading activity for one trading day." The only users affected, according to the filing, are the 8.2 million past and present Cash App users who use Cash App Investing. The company said it is working to contact those users to provide them with information regarding the incident.The company also said it has notified law enforcement of the data breach."Future costs associated with this incident are difficult to predict," the filing stated.
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