cyber
confidence high
sentiment negative
materiality 0.55
Block reports data breach affecting 8.2M Cash App Investing customers
Block, Inc.
- Former employee downloaded reports with names and brokerage account numbers after employment ended on Dec 10, 2021.
- Approximately 8.2 million current and former U.S. customers are being notified.
- No SSNs, passwords, payment card info, or addresses were included in the reports.
- Company does not currently believe the incident will have a material impact on financial results.
- Cash App products other than stock activity and non-U.S. customers were not impacted.