Cash App Settlement: Claim Up to $2,500 for Data Breaches
Overview of the Cash App Settlement
Cash App customers are eligible to claim over $2,500 each as part of a $15 million settlement in a class-action lawsuit related to data and security breaches in mobile payment services. People who experienced unauthorized access or fraudulent transactions on their accounts between August 23, 2018, and August 20, 2024, can file claims.
Incidents Leading to the Lawsuit
The lawsuit stems from a 2021 incident where a former Cash App employee downloaded reports without permission, as well as a breach in 2023 where unauthorized users accessed accounts using phone numbers. Plaintiffs allege that Cash App and parent company Block failed to implement security controls and mishandled customer complaints.
How to File a Cash App Claim
To submit a claim, customers must visit the settlement website and enter their notification ID and confirmation code. The deadline to file claims is November 18. The amount each client can receive will depend on the number of claims, but individuals impacted by breaches can claim up to $2,500 for out-of-pocket losses with documented proof.
Customers can claim expenses such as credit monitoring fees, costs for canceling payment cards, and fees for late payments. Additionally, claimants can request compensation for up to three hours of lost time at $25 per hour. Claims for transaction losses require supporting documentation, like a police report.
Settlement Fund Distribution and Other Options
In the event that the settlement fund is insufficient to pay every claim in full, payments will be reduced proportionally. Customers have until November 1 to opt-out of the settlement or object to it in writing. Choosing not to take action forfeits any payment and potential future lawsuits on covered claims.
In conclusion, the Cash App settlement provides an opportunity for affected customers to receive compensation for data breaches and security lapses. By filing a claim and providing necessary documentation, individuals can seek restitution for financial losses and inconvenience caused by the incidents.
——Associated Press reports.
