You’re not alone if the most recent Cash App data hack made you nervous. In 2022, the parent company of Block, the peer-to-peer payment platform, failed to prevent unauthorised access to Cash App customer accounts.
Cash App agreed to a $15 million class action settlement in exchange. Even though it was an internal change, users’ concerns about the app’s security were not allayed, despite the fact that it was a positive step.
To learn more about how to better defend themselves, users urged the cybersecurity specialists to provide some safety tips.
“One of the biggest problems with money apps like this is their popularity,” stated Neal O’Farrell, a digital security expert and CNET Money expert review board member. “Hackers follow the crowds, and the more people use these apps, the more time criminals will spend trying to exploit them.”
Cash App actually includes an array of security safety features. The difficulty is that, while they can help you avoid fraudsters, they cannot always keep your data secure. O’Farrell observed that even the finest privacy safeguards can be undermined by an insider with access, as happened in the Cash App case
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This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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