Cash App Users: Last Chance to Claim Your Data Breach Settlement Before November 19

If you’ve had a Cash App account over the past six years, you might qualify for a share of the $15 million settlement that Cash App is offering following data breaches impacting millions of users. The deadline for filing claims is approaching fast, so act now if you’re eligible to ensure you don’t miss out.

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Background: What Led to the Settlement

This settlement was proposed by Cash App in response to two major security incidents that left users’ data exposed. The first breach, which occurred in December 2021, involved an ex-employee allegedly accessing sensitive information on over 8 million users, such as names, account numbers, and investment portfolio data. Cash App notified the public about this breach in April 2022, warning users to take necessary precautions.

The second incident occurred in 2023, reportedly allowing unauthorized access to accounts through recycled phone numbers. Affected users raised concerns, claiming that Cash App and its parent company, Block, lacked the proper safeguards to prevent these breaches. The lawsuit also noted mishandling of customer complaints linked to fraudulent transactions resulting from these incidents.

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Despite agreeing to the settlement, Cash App and Block maintain that they were not at fault, explaining that the settlement serves to resolve these issues without further legal complications.

Who Qualifies for the Cash App Data Breach Settlement?

You may be eligible if you had a Cash App account between August 23, 2018, and August 20, 2024. As part of the settlement, qualifying users may be able to claim compensation for out-of-pocket costs, time lost, and any unreimbursed financial losses related to the breaches.

How Much Can You Claim?

The settlement provides several types of compensation for affected users:

1. Out-of-pocket expenses – Up to $2,500 to cover costs you incurred as a direct result of the data breaches. This could include fees for credit monitoring services or any expenses due to unauthorized transactions.

2. Compensation for lost time – Up to three hours of your time, valued at $25 per hour, to account for the time spent addressing issues related to the breaches. This could be time you spent dealing with fraud alerts, contacting support, or updating your account settings.

3. Reimbursement for financial losses – If you lost money directly from these breaches and haven't yet been reimbursed, you can claim this as well, though documentation will be necessary.

How to File Your Claim

To claim your share of the settlement, you must complete the claims form on the designated settlement website before 2 a.m. ET on November 19, 2024.

Steps to File:

• Gather Documentation: Make sure to have any receipts, bank statements, or proof of lost time due to the breaches.

• Complete the Claims Form: Fill in the form accurately, detailing the types of expenses or losses you incurred.

• Submit by Deadline: Claims submitted after November 19 will not be accepted, so make sure to meet the deadline.

A final court hearing for this case will be held on December 16, 2024, after which approved claims will begin processing.

Why You Shouldn’t Delay

Filing a claim may feel tedious, but even if your financial losses seem minor, taking action ensures you get compensation you’re entitled to. Claims processes like this one are time-sensitive, so gather any relevant information now and complete your submission before the deadline. This settlement is a chance to recover some of the damages caused by the breaches and to hold companies accountable for data security.

Stay proactive with your digital security by enabling strong passwords, setting up two-factor authentication, and monitoring your accounts regularly.

Also Read: Cash App Users Could Receive Compensation from $15 Million Settlement Fund