Cash App users, the clock is ticking! If you were affected by the data and security breach, you have until November 18, 2024, to submit your claim for reimbursement. Don’t miss out on your chance to receive compensation.
As the deadline approaches, it’s crucial for Cash App users to act quickly to file their claims. This is a golden opportunity to receive reimbursement for the breach that compromised your personal information.
Following a recent settlement, the mobile payment service has been ordered to pay a total of $15 million in damages. If you were among those affected by the December 2021 data breach, you might be eligible to receive up to $2,500. The plaintiffs argued that Cash App Investing and Block Inc. failed to take adequate measures to protect consumer information.
This breach impacted approximately 8.2 million current and former Cash App Investing customers. If you’re one of them, make sure to file your claim before the deadline to secure your share of the settlement.
- Deadline: November 18, 2024
- Settlement Amount: $15 million
- Up to $2,500 for out-of-pocket expenses related to the breaches.
- Compensation for up to three hours of lost time at a rate of $25 per hour.
- Claims for any unreimbursed monetary loss.
- Number of Affected Users: 8.2 million
A recent lawsuit has unveiled that a former employee accessed and downloaded Cash App users’ personal information without their knowledge during their tenure with the company. This unauthorized action has raised significant concerns regarding user privacy and data security.
The breach has been widely reported, with sources like TechCrunch highlighting the scale of the issue. Cash App is reaching out to around 8.2 million affected users, notifying them of the potential exposure of their personal data. The compromised information includes:
- Full names
- Brokerage account numbers
- In certain cases, details such as:
- Brokerage portfolio value
- Brokerage portfolio holdings
- Stock trading activity for a single trading day
As one of the most popular apps on iOS, Cash App serves as a key competitor to Apple’s own cash service. This incident underscores the importance of data security, especially as digital wallet services continue to grow in popularity.
In an unexpected turn of events, a major company has agreed to offer compensation following a class action lawsuit, though it hasn’t admitted any liability. This move is aimed at reimbursing victims for both the costs they incurred and the time they spent addressing the situation.
Eligibility for Cash App Settlement
If you’ve experienced unauthorized or fraudulent withdrawals or transfers from your Cash App account between August 23, 2018, and August 20, 2024, you might be eligible to submit a claim for up to $2,500. This is an important opportunity for affected users to regain lost funds, as noted on the Cash App website.
Important Details About the Settlement
Here’s what you need to know about the Cash App settlement:
- Claim Eligibility: Cash App users must have held an account on August 23, 2018, and before August 20, 2024, to qualify for submitting a claim.
- Reimbursement Status: Users who have already been reimbursed by Block Inc., Cash App Investing, or a third party are not eligible to file a claim.
Understanding the nuances of this settlement is crucial for those affected. Ensure you meet the criteria and haven’t received prior reimbursement if you plan to file a claim.
Are you a Cash App user wondering about the types of claims you can file? Navigating the nuances of claim submission can be tricky, but understanding your options can help you take full advantage of the services provided by Cash App.
Types of Claims Cash App Users Can File
Cash App offers users the ability to file claims for various issues, ensuring you can seek compensation for any disruptions or losses. Here’s a breakdown of the types of claims you may submit:
1. Out-of-Pocket Losses
- Cash App allows users to file a claim if their account was compromised due to a data breach.
- Eligible users who provide the necessary documentation may receive reimbursement of up to $2,500.
2. Lost Time
- Cash App users can be reimbursed for the time lost dealing with unauthorized access and data breaches.
- Submit a claim for up to three hours, compensated at a rate of $25 per hour.
3. Transaction Losses
- If you’ve faced monetary loss through a transaction and haven’t yet been reimbursed, you can file a claim to recover that amount.
Handling Multiple Cash App Accounts
For those with multiple Cash App accounts, it’s crucial to streamline your claim submission process:
- Submit only one claim form.
- Include all relevant details such as your multiple $(InsertYourCashTag) and associated claim information on a single form.
By understanding these options, you can ensure you’re fully prepared to file a claim and potentially receive compensation for any inconvenience caused by issues with your Cash App account. Stay informed and proactive in protecting your financial interests!
How to File Your Claim
If you intend to file a claim via the settlement website, be sure to do so by 2 AM ET on November 19. This is your chance to ensure you receive the compensation you deserve.
After submitting your claim, you will need to be patient until December 19, when a judge will decide whether to accept the settlement terms. If the settlement isn’t approved, it could mean a longer wait for your payment, but potentially for a larger amount.