SECURE YOUR EARLY BIRD PLACE ABOVE
From Paul O’Donoghue at AMLi
BLOCK FRAUD SETTLEMENT: Block has agreed to pay $45 million and offer live customer support for its mobile payment service, Cash App, to settle claims by 46 U.S. states that the company failed to protect users from fraud.
State attorneys general involved in the investigation said they had found that Block misled users with advertising that falsely implied that Cash App offered protections akin to a bank including cutting-edge fraud detection. Block denied wrongdoing.
Under the settlement, Block will overhaul its customer service and fraud protections, including offering 24-hour support with live phone agents available at least 13.5 hours daily.
Read the full story [HERE].
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Never click on links in SMS messages or emails that claim your account has been “suspended” or that you have a “pending package,” as these are classic entry points for credential-harvesting malware.