2024-08-10 02:20:02
Keep an eye on your bank statements. You could be receiving some money soon.
Cash App settled a class action lawsuit stemming from a data breach in 2021 that exposed the personal information of millions of current and former users of the app.
The mobile payment service was mandated to pay out a sum of $15 million as compensation for damages incurred.
According to USA TODAY, the plaintiffs sued Cash App Investing and Block Inc. for the companies’ “failure to exercise reasonable care in securing and safeguarding consumer information.”
The lawsuit mentioned the December 2021 data breach resulted, “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.”
The lawsuit also said a former employee gained access to Cash App users’ personal information during their employment and downloaded the data without the users’ knowledge.
If you’re a Cash App user, here is how to submit a claim for up to $2,500.
Can I submit a claim for the Cash App settlement?
If you had a Cash App account between August 23, 2018, and before August 20, 2024, those users can file a claim. According to the mobile payment service, those who qualify have not yet received reimbursement from Block Inc., Cash App Investing, or any other third party.
You can submit a claim at cashappsecuritysettlement.com.
What are the claims Cash App users can file for?
Here is what people can file for according to Cash App:
- Out-of-Pocket Losses: Users can submit a claim that shows their Cash App account was involved in the data breach. If a user is eligible for reimbursement after submitting the required documentation to the company, they could receive up to $2,500.
- Lost Time: Cash App users who submit a claim may be eligible for reimbursement for lost time. Users can submit a claim for up to three hours at a rate of $25 per hour for time spent regarding unauthorized users and data breaches.
- Transaction Losses: If a user experiences a monetary loss and has not been reimbursed, they can submit the Transaction Losses claim.
What is the deadline to submit a claim?
Cash App users can submit a completed claim form by Nov. 18, 2024, for consideration.
Can I file more than one claim if I have multiple accounts?
Cash App advises users to submit only one claim form. If you have multiple Cash App accounts that require claims, the mobile payment service recommends consolidating all of your $(InsertYourCashTag) and claim-related information onto a single claim form for ease of processing.
-USA TODAY contributed to this story
