It means that everyday users of the Cash App may be able to receive money in their accounts or bank. The mobile payment service is likely to compensate $15 million in damages as a result of a class action suit.
As reported, plaintiffs brought legal action against Cash App Investing and Block Inc., claiming that the companies did not provide sufficient consumer data protection. The lawsuit alleged that there was a data breach in December 2021 and the client’s personally identifiable information (PII) of 8. So targeting 2 million current and former Cash App Investing users. Furthermore, it was discovered that the company’s ex-employee stole users’ data and downloaded it without their consent.
If you experienced unauthorized or fraudulent transactions involving your Cash App between the period of August 23, 2018, and August 20, 2024, you might be eligible to claim up to $ 2500. The guide below will explain what you need to know about the Cash App settlement as well as how to make a claim.
Table of Contents
Who is Entitled to Bring a Claim?
It is necessary to note that only the users who have had an active Cash App account between August 23, 2018 – August 20, 2024, can apply for the settlement. Also, you should not have been previously compensated by Block Inc., Cash App Investing, or any third party. If this should apply to you, then you can file for a compensation claim.
Different Kinds of Suits that One Can Bring
- Out-of-Pocket Losses: In case your Cash App account details were exposed in the data breach, you can apply for compensation. The applicant is likely to be approved up to $2,500 after submitting the required documents.
- Lost Time: Reimbursements can be made for the time wasted on managing the aftermath of the data breach. According to this policy, one can claim a maximum of three hours at $25 an hour.
Transaction Losses: This is for people who have had monetary loss such as through fraudulent and unauthorized transactions and have not been compensated.
Filing a Claim with Multiple Cash App Accounts
Common-sense ways for obtaining and sending money will also be available starting this morning if you have more than one Cash App account, submit one claim form only. It is suggested by the Cash App to list all your Cash Tags and all information concerning your claims on a single form only.
This section seeks to explain how one can submit a claim.
To file a claim, a claim form has to be filled and has to be submitted on or before the date mentioned as November 18, 2024. You can find the claim form at the following link: Cash App Security Settlement Plead Form.
Process of Filing for Your Claim
- Verify Your Eligibility: Make sure you do as follows as you apply for the claim here.
- Gather Documentation: Ensure that you have all the necessary documentation relevant to your case, for example, receipts of unauthorized transactions, or time lost due to workplace injury.
- Complete the Claim Form: Ensure all the details filled in the claim form are correct and provide all relevant additional information requested.
- Submit the Form: Once you have filled out the claim form, you need to submit it online before the deadline.
Understanding the Settlement
They include a commitment of $15 million to be paid out to users affected in the data breach lawsuit. This particular event reinforces lessons on data security and the fact that companies must take it upon themselves to protect consumers’ information carefully. In light of the increasing occurrences of data breaches, this analysis helps the users gain relevant information regarding their permitted action and possible protective measures.
Conclusion
Thus, it is possible to note that the subject Cash App security breach can be considered a priority area of interest due to the given characteristics of the settlement, which entails the possibility of receiving compensation for the losses of the participants. According to the above information, one can file a claim and get up to $2,500 for out-of-pocket expenses; reasonable time lost; and transaction losses. Therefore, please ensure you file your claim before the end of the 30th of November, 2024.
To get more details about this settlement and for further updates on the same, one can refer to regional newspapers and in addition to that one must visit the Cash App Security Settlement official site.
So being very careful and observing each step is one way of safeguarding oneself, not to mention getting a fair recompense in the case of a data leak.
