A settlement has been reached between Block, Inc. and 46 states, including Texas, over security failures related to Cash App. The settlement amount is $45 million.

As part of the agreement, Block, Inc. will be making significant changes to its customer support and fraud reporting processes. Texas is a co-lead in the settlement.

Further details about the settlement and its implications are available from the source. The settlement marks a major development in addressing concerns over Cash App's security claims and practices.