Cash App users have until today, November 18, 2024, to submit claims for a portion of a $15 million class-action settlement. This settlement addresses a significant data breach that compromised the personal information of millions of users.
Affected individuals may be eligible to receive up to $2,500 for unauthorized or fraudulent activity on their accounts between August 23, 2018, and August 20, 2024.
Understanding the Data Breach
In December 2021, a former Cash App employee accessed and downloaded personal information of approximately 8.2 million current and former Cash App Investing customers without authorization.
This breach led to the unauthorized public release of sensitive data, prompting legal action against Cash App Investing and its parent company, Block Inc. Plaintiffs alleged that the companies failed to exercise reasonable care in securing and safeguarding consumer information.
Eligibility Criteria for Claimants
To be eligible for compensation, users must have experienced unauthorized or fraudulent activity on their Cash App accounts within the specified period. It’s important to note that users who have already been reimbursed by Block, Cash App Investing, or a third party are not eligible for this settlement.
Eligible claimants can seek reimbursement for out-of-pocket losses, lost time, and transaction losses related to the data breach.
Claim Submission Process
Affected users should submit a single claim form, even if they have multiple accounts, listing all relevant accounts on that form. For lost time, users can claim up to three hours at a rate of $25 per hour for time spent dealing with the data breach.
For out-of-pocket losses, claimants must demonstrate that their account was involved in the data breach and provide evidence of unreimbursed financial losses.
| Aspect | Details |
|---|---|
| Settlement Amount | $15 million |
| Maximum Individual Payout | Up to $2,500 per eligible user |
| Eligibility Period | Unauthorized activity between August 23, 2018, and August 20, 2024 |
| Claim Submission Deadline | November 18, 2024 |
| Ineligibility Criteria | Users already reimbursed by Block, Cash App Investing, or a third party |
Today marks the final opportunity for eligible Cash App users to claim their share of the $15 million settlement resulting from the 2021 data breach.
By submitting a claim, affected individuals can seek compensation for losses incurred due to unauthorized access to their accounts. It’s imperative to act promptly to ensure your claim is considered.
What is the deadline for submitting a claim?
The deadline for submitting a claim is November 18, 2024.
Who is eligible to file a claim?
Users who experienced unauthorized or fraudulent activity on their Cash App accounts between August 23, 2018, and August 20, 2024, and have not been reimbursed by Block, Cash App Investing, or a third party, are eligible to file a claim.
How much compensation can I receive?
Eligible users can receive up to $2,500 for unreimbursed losses related to the data breach.
