Cash⁢ App Users Eligible for Thousands⁤ of Dollars in Data Breach Settlement

If you’ve had⁢ a Cash App account in the last six years, you may be eligible to claim thousands of dollars as a result ⁤of ‍a class action‍ settlement. The company‍ offered a $15 ‍million settlement earlier this year⁤ after two security incidents.

The first related breach occurred in December 2021, when a former ⁢employee downloaded a report containing information on more than 8 million‌ users. This includes your name, ‌brokerage account ​numbers, and, in⁣ some cases, the holdings and value of your‌ investment portfolio. Cash App disclosed the incident in⁣ April ⁣2022.

The consolidated class ⁤action complaint alleged that Cash App‍ and⁢ parent‍ company Block failed to take sufficient security measures to prevent another data breach. This included Cash App’s person-to-person payment‌ service. According to the ⁤plaintiff, ⁣”In ‌2023, an ‍unauthorized user accessed certain Cash App accounts using a laundered phone number.”

Cash App‌ and Block ‌denied any wrongdoing.⁢ They⁣ say the settlement is not an admission of liability.

Eligibility and Claim Process

If you had a Cash App account between ‌August 23, 2018 and‌ August 20⁣ of this year, you may be eligible to claim it.​ The settlement will cover up to $2,500 in ⁢out-of-pocket expenses for the ⁢violation and up to⁤ three hours of lost⁤ time at $25 an‌ hour. People who have suffered financial losses but have⁤ not yet received compensation can also file a complaint.

To submit ‌a claim, you must complete the online ‌form on the settlement website by 2pm⁣ ET on November ‍19th.​ The final ‍hearing in the case is scheduled⁢ for ⁣December 16.