Payments Company Hit With Data Breach-Related Securities Suit | The D&O Diary

The payment technology firm Block, Inc. (formerly known as Square) has been hit with a securities class action lawsuit related to the company’s announcement earlier this year that a former employee had improperly accessed and downloaded company customer data. The new lawsuit is the latest example of the ways in which data security incidents can translate into D&O claims.

Source: Payments Company Hit With Data Breach-Related Securities Suit | The D&O Diary