Cash App Users Eligible for Class-Action Settlement Amid Data Breach

Friday, 25 October 2024, 19:45

Cash App users may claim thousands of dollars in a class-action settlement due to recent data breaches. A proposed $15 million settlement follows serious security lapses confirmed in December 2021 and 2023. Eligible users have a limited time to file claims for out-of-pocket losses and compensation for time lost due to breaches.
Engadget
Cash App Users Eligible for Class-Action Settlement Amid Data Breach

Cash App Settlement Overview

Cash App users are now presented with a chance to reclaim damages as part of a class-action settlement connected to a data breach. A total of $15 million has been earmarked for affected users whose data was compromised due to lapses in security protocols initiated by Cash App and its parent company, Block.

Details of the Breaches

  • December 2021: Data from over 8 million users accessed.
  • 2023: Unauthorized access using recycled phone numbers reported.

The consolidated complaint alleged that Cash App failed to implement adequate security measures, leading to unauthorized access and mishandling of user complaints.

Filing a Claim

Eligible users who had an account between August 23, 2018, and August 20, 2023, can potentially reclaim up to $2,500 for any out-of-pocket expenses related to the breaches. They can also claim compensation for up to three hours of lost time at a rate of $25 per hour.

Important Dates

  1. Claim filing deadline: 2AM ET, November 19
  2. Final court hearing: December 16

Cash App and Block have denied any wrongdoing, stating that the settlement does not equate to an admission of liability. Users are encouraged to visit the settlement website to claim their compensation before it’s too late.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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