Cash App owner to pay $45 million to settle allegations of lax security

🇺🇸 The Record by Recorded Future (US) —
Cash App owner to pay $45 million to settle allegations of lax security

AI Summary

Cash App's owner Block, Inc. will pay $45 million to settle allegations of lax security after legal actions by state attorneys general. The company falsely promised bank-level protections to its users.

State attorneys general announced the bipartisan agreement with Block, Inc. on Wednesday, saying that the company incorrectly promised users that Cash App offered the same protections as a bank.

Security Politics Markets Cash App Block Inc security settlement state attorneys general user protection legal allegations

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