If you’re a Cash App user affected by the 2021 data breach and didn’t file a claim for reimbursement before the November 18, 2024 deadline, you may be wondering about your options. Here’s a breakdown of the settlement details, how it impacts users, and what steps you can still take.
Table of Contents
What Happened in the Cash App Data Breach?
The breach occurred in December 2021 and compromised the personal information of 8.2 million Cash App Investing customers. This breach resulted from unauthorized access by a former employee, who downloaded sensitive data without users’ knowledge.
The lawsuit accused Cash App Investing and Block Inc. of failing to adequately secure customer information, leading to the unauthorized exposure of personally identifiable information (PII).
Key Details About the Settlement
- Total Settlement Amount: $15 million
- Eligible Compensation: Users could claim up to $2,500 depending on their losses.
- Deadline to File: November 18, 2024
Claim Up to $2,500 Cash App Class Action Settlement: Check if You are Eligible
$100 Walgreens Million Settlement in Prescription Pricing Class Action: Eligibility & Payout
5 Million Americans Hit by Massive Credit Card Data Leak: Here’s How to Protect Yourself
Capital One Bank Settlement 2024: Payouts, Eligibility, and Key Dates
Who Qualified for the Settlement?
To qualify, users had to meet the following conditions:
- Held a Cash App account between August 23, 2018, and August 20, 2024.
- Experienced out-of-pocket losses, lost time, or transaction losses related to the breach.
- Had not already been reimbursed by Cash App, Block Inc., or a third party.
How Were Claims Processed?
Users could file claims under three categories:
- Out-of-Pocket Losses:
Claims for expenses directly linked to the breach, such as fraud-related withdrawals or unauthorized transfers, with compensation up to $2,500. - Lost Time:
Users could claim compensation for time spent addressing issues related to the breach, reimbursed at $25 per hour for up to three hours. - Transaction Losses:
Monetary losses due to the breach that weren’t already reimbursed by other means.
Missed the Deadline? Here’s What You Can Do
If you didn’t submit a claim before the deadline, there are still ways to seek assistance:
- Contact the Law Firm Representing Plaintiffs:
Reach out to Kantrowitz, Goldhamer & Graifman at 201-897-7293 or visit kgglaw.com to inquire about further options or updates. - Monitor Your Cash App Account:
Continue to watch for any unauthorized or fraudulent activity in your Cash App account and report it immediately to Cash App customer support. - Seek Legal Advice:
If you believe you suffered significant losses and missed the settlement, consulting with a legal professional may help explore potential avenues for recovery.
Equifax Data Breach Settlement: Amount, Deadlines and Compensation
Claim Your Cash: $3.65M T-Mobile Employment Class Action Settlement
$16 Million Capital One Settlement: Are You Eligible for a Payment or Credit?
Staying Secure on Cash App
To protect your account and avoid similar situations in the future:
- Enable Two-Factor Authentication (2FA) for added security.
- Monitor Account Activity Regularly to catch suspicious transactions.
- Update Your Password Frequently and ensure it is unique to Cash App.
What’s Next for Affected Users?
While the deadline to submit claims has passed, affected users can still seek help through the designated law firm or take steps to secure their accounts. Keep an eye on any future developments or additional lawsuits involving Cash App Investing and Block Inc.
If you believe you’ve been impacted and missed out on compensation, reach out for guidance or legal support to explore what options remain.
Leave a Reply