Cash App Class Action Settlement in Brief
Cash App users had until a date in 2023 to file claims concerning a data and security breach in the year 2021. A lot of users still seem to have questions about the process or how to proceed if they missed the deadline. This article explains everything about the settlement concerning eligibility, compensation, and actions to take if one could not file on time.
When Was the Cash App Security Breach?
The breach occurred in December 2021, which led to the filing of a class-action lawsuit against Cash App and Block Inc. The lawsuit alleged that these companies failed to take adequate precautions to protect users’ personal data. As a result, personal information from 8.2 million current and former Cash App Investing customers was exposed.
Additionally, it was discovered that a former employee gained unauthorized access to user data and downloaded it without permission, putting millions of accounts at risk.
How Do I Claim The Cash App Settlement?
The Cash App had given until November 18, 2024, to file claims for all Cash App users. Under settlement, $15 million was set up to be paid to affected users. An eligible user could claim up to $2,500, depending on the extent of his or her losses.
The users of Cash App were advised to check their accounts for any unauthorized withdrawals or transactions from the period of August 23, 2018, to August 20, 2024, which could help determine eligibility under this lawsuit.
How Much Could You Get in The Cash App Settlement?
If users proved with corroboratory documentary proof that they suffered losses from the breach, they could have received amounts up to $2,500. These compensations were determined based on a variety of factors, including personal out-of-pocket expenses, lost time, and losses from suspected fraudulent transactions
How Do I Know If I Can Apply?
Eligibility requirements under the Cash App settlement include:
The account is open as of August 23, 2018, and it must have remained open or active until August 20, 2024.
They must not have already received compensation from Block Inc., Cash App Investing, or any third party related to this case.
How to File a Claim for the Cash App Settlement?
Users had to submit their claim forms at www.cashappsecuritysettlement.com before the November 18, 2024, deadline. Along with the claim form, they had to provide supporting documents proving their losses.
What to Do If You Missed the Deadline to File a Cash App Claim?
If you missed the deadline to file a claim, don’t worry—you may still have options. The law firm Kantrowitz, Goldhammer & Grafman, which represents the plaintiffs in this lawsuit, can provide guidance. You can contact them at (201) 897-7293 or visit their website, kgglaw.com, to learn more about potential next steps.
Even though the settlement claim deadline has passed, some legal options may still be available depending on your circumstances.
What Types of Claims Could Cash App Users File?
Affected Cash App users had the option to file claims under different categories, including:
Personal Out-of-Pocket Losses: Users who experienced financial losses due to the breach could claim up to $2,500, provided they had the necessary documentation.
Lost Time Compensation: Users who spent time dealing with issues related to the breach could claim up to three hours of lost time at a rate of $25 per hour.
Transaction Losses: Users who experienced unauthorized transactions but had not received prior reimbursement could claim for lost funds.
Conclusion
The Cash App class action settlement was a crucial opportunity for affected users to receive compensation for their losses. If you missed the filing deadline, you may still have legal options available. Contacting an attorney and gathering any relevant documents can help you determine your next steps.
Regularly monitoring your Cash App account for unusual transactions and securing your personal information are key practices to prevent future issues. Stay informed about updates related to this settlement and take action if any new opportunities arise.
FAQs
Q.1 How can I claim the Cash App class action settlement?
A. . Users had until November 18, 2024, to submit a claim.
Q.2 How much compensation was available in the Cash App settlement?
A. Eligible users could receive up to $2,500, depending on the type of claim and the supporting documentation provided.
Q.3 When did the Cash App security breach occur?
A. The breach took place in December 2021 and affected 8.2 million Cash App Investing users.
Q.4 Am I eligible for the Cash App settlement?
A. To be eligible, you must have had a Cash App account between August 23, 2018, and August 20, 2024, and not have received prior compensation.