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The parent company of mobile banking platform Cash App has been ordered to pay $175 million to users due to weak security procedures, a federal agency says.. The Consumer Financial Protection ...
Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud.
Cash App is a money machine for Block, generating net revenue of $10.4 billion during the first 9 months of 2023, or 65% of Block’s net revenue, its regulatory filings show. Cash App produced $2 ...
Facebook, Inc.) is an ongoing antitrust court case brought by the Federal Trade Commission (FTC) against Facebook parent company Meta Platforms. The lawsuit alleges that Meta has accumulated monopoly power via anti-competitive mergers, with the suit centering on the acquisitions of Instagram and WhatsApp .
And federal law enforcement officials, citing technology advances, plan to ask for new regulations that would smooth their ability to perform legal wiretaps of various Internet communications. The analysis went on to discuss how Google, Facebook, Verizon, Twitter and other companies are in the middle between users and governments.
The deadline is nearing for Cash App users to cash in on a $15 million settlement. Users can claim up to $2,500 if their account was affected. Cash in on Cash App's $15M security settlement: How ...
An emergency data request is a procedure used by U.S. law enforcement agencies for obtaining information from service providers in emergency situations where there is not time to get a subpoena. In 2022, Brian Krebs reported that emergency data requests were being spoofed by hackers to obtain confidential information. [1] [2]
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