Cash App customers are entitled to up to $2,500 each as a result of the class action settlement, this given the data breaches that happened in the company, if you are one of the 50 million Cash App users in the United States, you could count on the right to receive a payment after the company has been at the center of a settlement.
The case was about data breaches that affected the company, with claims that Cash App did not do what was necessary to protect the security of its customers, here we detail more information about the agreement, how you can claim and by which dates you should submit your application.
Cash App is in the midst of a class action settlement, in which, the plaintiff alleges that Cash App did not do enough to protect its customers from data breach between the years 2022 and 2023.
The purpose of the case“ “Salinas, et al. v. Block Inc., et al., Case No. 3:22-cv-04823-AMO”, is to get compensation to be given to those whose data was illegally violated, by third parties, including those people who lost money through fraudulent transactions.
CashApp denied that it had acted improperly, but has reached an agreement to pay $15 million to customers who suffered damage.
Are You Eligible to Claim up to $2,500 from Cash App?
If you have used the Cash App since 2018, you may be a candidate to be part of a $15 million settlement agreed to by Block Inc. Owner of Cash App, following the accusation of negligence after two data breaches.
According to the class action lawsuit, Block and Cash App Investing demonstrated “negligence and breached other obligations to users” in the year 2022, when a former employee had access to the account data without permission.
Block said in a 2022 filing with the U.S. Securities and Exchange Commission (SEC) that it was notifying about 8.2 million current and former users about the incident. The lawsuit claims that the company was negligent again the following year, when “an unauthorized user” gained access to certain Cash App accounts while making use of recycled phone numbers linked to those accounts.
Was Your Data Breached by CashApp?
The plaintiffs also accused Block and Cash App Investing of failing to use account protection measures following such incidents and of “properly resolving customer complaints about unauthorized or fraudulent transactions.”
Block and Cash App Investing said they were not at fault, or had committed any irregularities in the lawsuit, but accepted the $15 million settlement, according to the settlement’s website.
Who is eligible for the CashApp data breach settlement?
If you want to make a claim on the CashApp settlement, you have to make sure you are eligible first.
Requirements to Claim Up to $2,500 from Cash App
- Be a current or former CashApp customer (you do not need to continue using the service)
- Personal information obtained without consent
You experienced fraudulent transactions between August 23, 2018 and August 20, 2024. - If you meet the above requirements, you can make the claim.
How to File a Cash App Data Breach Claim
If you meet the requirements and want to file a claim in the Cash App agreement, you will need to fill out a form through the official site of the agreement, if a notification ID and a confirmation code arrived to you, do not lose them, if you did not receive them, you can still make the request.
You may also need to submit receipts, credit card statements, police reports, or anything else that may show that you were involved and affected by the data breaches.
Those who do not want to be part of the agreement will have to submit their objection before November 1 of this year.
How much money could you receive?
If you meet the aforementioned requirements, you will be able to make a claim for up to $2,500 “for out-of-pocket losses” experienced during the time period indicated on the settlement website.
However, you will need to provide “third-party documentation” that relates you to “a data security incident, an unauthorized account event or a deficiency in error resolution” with your Cash App or Cash App Investing account.
