Cash App Class Action Settlement: What Happens if You Missed the Filing Deadline?

The Cash App data breach case and the deadline for filing claims have now passed. But many users still have questions about the matter. In this article, we will give full details of this data leak and tell you what options you may have if you have not filed a claim on time.

When did the Cash App data breach happen?

This security lapse happened in December 2021, when Cash App and its parent company, Block Inc., were sued. The lawsuit alleged that the company failed to keep users’ information safe. This data breach leaked the private information of 8.2 million users, including current and former Cash App Invest users.

What made this matter even more serious was that a former employee had secretly gained access to users’ information and downloaded it without permission. This put the private and financial information of millions of people at risk.

Cash App Settlement: How Much Compensation Did Users Get?

A $15 million settlement was reached to resolve the matter, providing compensation to affected users.

• Eligible users could claim up to a maximum of $2,500.
• The deadline to file a claim was November 18, 2024.
• Only those users whose information was leaked and who submitted the required documents were compensated.

Were you eligible for a Cash App claim?

If you were to receive compensation due to the Cash App data breach, certain conditions had to be met:

1. Your Cash App account must have been opened before August 23, 2018.
2. Your account must have been active until August 20, 2024.
3. You must not have previously received compensation from Block Inc., Cash App Investing, or any other party.

What if you missed the deadline?

If you haven’t filed your claim by the deadline of November 18, 2024, there’s no need to panic. You can still get information about your legal rights.

You can consider the following options:

• Contact the Kantrowitz, Goldhammer & Grafman law firm for legal assistance.
  • Phone number: 201-897-7293
  • Website: kgglaw.com
• If you have any evidence related to the data breach, consider legal action in the future.

What claims could Cash App users make?

Cash App users were given the option to make different types of claims, including:

1. Personal Out-of-Pocket Losses

• If your account was harmed by this data breach, you could claim up to a maximum of $2,500. For this, you were required to submit evidence of your economic loss.

2. Lost Time Compensation

• If this data breach caused you to spend time resolving financial issues, you could receive compensation for up to three hours, at a rate of $25 per hour.

3. Transaction Losses

• If this data breach caused you to suffer financial losses and you had not already received any compensation, you could claim transaction-related losses.

Ways to Keep Your Cash App Account Secure

This data breach was a reminder to millions that it is extremely important for us to keep our digital financial accounts secure. Take the following measures to protect your Cash App account:

• Keep an eye on your account. If any suspicious or unauthorized activity appears, get alerted immediately.
• Change your password and turn on two-factor authentication (2FA). This will keep your account extra secure.
• Avoid phishing scams. Only log in through the official Cash App website or app.
• If you notice any unusual activity, contact Cash App customer support immediately.

Conclusion

The Cash App data breach has made it clear that it is important to pay special attention to the security of personal information when using online financial services. Those who suffered losses due to this data leak had a chance to receive compensation, but if you missed the deadline, there may still be some legal options.

The most important thing is to keep your account secure and be alert to any potential financial threats. With the growing cybercrime on the Internet, caution and awareness are your biggest protections.

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