If you CashApp Since 2018, you may be entitled to a portion of a $15 million compensation award. This came after Block Inc., the owner of Cash App, faced allegations of negligence due to two major data breaches.
In 2022, a former employee accessed account data without permission, affecting around 8.2 million users. This led to a class action lawsuit against Block and Cash App Investing for failing to protect user data. The following year, another incident occurred in which an unauthorized user accessed Cash App accounts using reused phone numbers.
Block denied any wrongdoing but agreed to pay $15 million.
Who is eligible for the comparison?
You may be eligible if:
- You have used Cash App and/or Cash App Investing.
- Your account has been accessed without authorization.
- Unauthorized withdrawals or transfers occurred between August 23, 2018, and August 20, 2024.
How much could you get?
Eligible users can claim up to $2,500 for losses caused by data breaches, unauthorized access, or fraudulent transactions. You must provide third-party documentation to support your claim.
You can also claim up to $75 for lost time (up to three hours at $25 per hour) and additional documented transaction losses.
How to report a claim
Claims must be filed by November 18, 2024. You can file them online or mail them in hard copy. If you do not want to be part of the settlement or wish to appeal, you must send written notice by November 1.
If you do not opt out, you will automatically be included in the compensation amount, but you will only receive payment if you make a claim.
When will the payments be made?
The final approval hearing is scheduled for December 16, 2024. If the settlement is approved, payments are expected to be made shortly thereafter.
For more details and to file your claim, please visit the settlement website at https://cashappsecuritysettlement.com/submit-claim.
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