How to file a claim for up to $2,500
Keep an eye on your bank statements. You could be receiving some money soon.
Cash App settled a class action lawsuit stemming from a data breach in 2021 that exposed the personal information of millions of current and former users of the app.
The mobile payment service was required to pay out $15 million as compensation for damage incurred.
According to USA TODAY, the plaintiffs’ lawsuit against Cash App Investing and Block Inc. claimed that the companies failed “to exercise reasonable care in securing and safeguarding consumer information.”
The suit said the December 2021 data breach resulted “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.”
The suit also said a former employee gained access to Cash App users’ personal information during their employment and downloaded the data without the users’ knowledge.
If you’re a Cash App user, here is how to recover up to $2,500:
Can I submit a claim for the Cash App settlement?
Users who had a Cash App account on Aug. 23, 2018, or later may file a claim. According to the mobile payment service, those who qualify have not yet received reimbursement from Block Inc., Cash App Investing or any other third party.
Claims can be submitted at cashappsecuritysettlement.com.
What are the claims for which Cash App users may file?
Here is what people may file to receive, according to Cash App:
- Out-of-pocket losses: Users may submit a claim that shows their Cash App account was involved in the data breach. Users who are eligible for reimbursement after submitting the required documentation to the company could receive up to $2,500.
- Lost time: Users who submit a claim may be eligible for reimbursement for lost time. They can submit a claim for up to three hours at a rate of $25 per hour for time spent regarding unauthorized users and data breaches.
- Transaction losses: Users who experience a monetary loss and have not been reimbursed may submit claims for transaction losses.
What is the deadline to submit a claim?
Cash App users must submit a completed claim form by Nov. 18 for consideration.
Can I file more than one claim if I have multiple accounts?
Cash App advises users to submit only one claim form. If you have multiple Cash App accounts that require claims, the mobile payment service recommends consolidating all of your $(InsertYourCashTag) and claim-related information onto a single claim form for ease of processing.
USA TODAY contributed to this report.
