Block Says No Evidence of Data Breach by Square Outage

Sept. 11, 2023, 12:29 PM UTC

Block says the combination of updates prevented its systems from properly communicating with each other, which ultimately caused last week’s Square outage.

  • No evidence of outage as a cybersecurity event or that any seller or buyer data was compromised
  • Systems have fully recovered and are operating normally
  • Taking steps to protect against such issues, including expanding offline payment capabilities
  • NOTE: Block Slumps as Square Platform Deals With System Outage

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Carrington York in New York at cyork30@bloomberg.net

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