Cash App's parent company, Block, has been ordered to pay $175 million to settle claims related to inadequate security measures that failed to protect users from fraud. The settlement, which Block neither admitted nor denied, represents the largest resolution in this case. Additionally, PayPal has been fined $2 million by the New York Department of Financial Services for cybersecurity failures that exposed customers' Social Security numbers. This fine addresses allegations that PayPal did not employ qualified personnel to manage critical cybersecurity functions and failed to provide adequate training to mitigate cybersecurity risks. The exposure of sensitive data occurred in late 2022.