If we opened your wallet right now, what would we find in it? Credit cards, your ID, an old stamp card from Dutch Bros that hasn’t been used there for years, an old receipt from Alberstons… you know what you didn’t mention? Cash.
With so many retailers and venues going cashless, you’re far less likely to have a crumpled $20 in your wallet than you were years ago. Thanks to apps like Venmo, Zelle, and Cash App, you no longer need dollars and coins to pay your friend back for the round of drinks they bought you at a concert or the hotel room they paid for while you were traveling together. Apps that simplify money transfers make our lives easier.
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Unfortunately, they are not quite as secure as cash and that is why Idaho residents who use the Cash App could be entitled to a payday!
Photo by Mariia Shalabaieva on Unsplash
According to USA Today Cash App Investing and Block Inc. failed to “exercise reasonable care in securing and protecting consumer information” and were ordered to pay $15 million in damages.
The ruling is related to a 2021 data breach in which a former employee downloaded reports on Cash App users in the U.S. without permission, and another two years later in which users’ information was accessed by an unauthorized party. In total, these breaches affected 8.2 million current and former users.
Users involved in the breach may have seen unauthorized or fake transfers and withdrawals, and Cash App must now correct this.
If you used Cash App between August 23, 2018, and August 20, 2024, you may be eligible for a portion of the $15 million in compensation. Users who suffered losses and submit the appropriate documentation can receive up to $2,500. These documents include complaints filed with a financial institution, the Federal Trade Commission, Consumer Financial Protection, a state attorney general’s office, or the BBB, among others. Users who lost time dealing with the consequences of the breach can receive up to $75.
Does this sound like you? Then you have until November 18, 2024 to make a claim Here.
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Gallery credit: Michelle Heart
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Gallery credit: Michelle Heart
