Block Inc. has projected gross profit of $15.8 billion by 2028 with mid-teens annual growth, alongside 30% yearly increases in adjusted operating income to $4.6 billion. The strategy emphasizes integrating Cash App and Square for accelerated expansion. This outlook signals confidence in fintech innovation amid market challenges.
Checkout.com refused to pay ransom to ShinyHunters after a breach of its legacy cloud storage, donating over $1 million to cybersecurity research instead. The incident exposed old merchant data but no payment info, highlighting API and insider risks in fintech. This bold move sets a precedent for industry responses to extortion.
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