Block Inc. reported a breach of customer data on Cash App, its payments service application. The incident took place on December 10, 2021. But, Block reported the data theft to the U.S. Securities and Exchange Commission (SEC) on April 4. The company revealed that its former employee disobeyed its rules and stole customers’ data. It’s a case of cybersecurity insider threat. Yet again.
- Block Inc. loses customer data on Cash App, its payment application.
- A former employee of the company stole the data by downloading reports without permission.
- The company is currently taking some controlling measures to handle the incident.