Cash App Class Action Settlement: The deadline to file a claim for the 2021 Cash App data breach settlement has passed, leaving some users wondering what happens next. Here’s a breakdown of the settlement details and steps you can take if you missed the opportunity to submit your claim.
When Did the Cash App Data Breach Happen?
In December 2021, a class action lawsuit was filed against Cash App and its parent company, Block Inc., following a security breach. The lawsuit claimed the companies failed to adequately protect users’ data, resulting in the exposure of sensitive information belonging to 8.2 million current and former Cash App Investing customers.
The breach included unauthorized access by a former employee who downloaded user data without consent, placing personal information at risk.
How Could Users File for the Cash App Settlement?
Cash App users had until November 18, 2024, to file claims for compensation. The settlement allocated $15 million for affected users, with potential compensation of up to $2,500 per individual.
Eligible users were advised to monitor their accounts for any unauthorized transactions between August 23, 2018, and August 20, 2024, and provide supporting documents when filing a claim.
Eligibility for the Settlement
To qualify, users needed to:
- Have opened a Cash App account before August 23, 2018, and still have it active by August 20, 2024.
- Ensure they had not already received compensation from Block Inc., Cash App Investing, or any other third party.
Compensation Details
Cash App users could file claims under three categories:
- Out-of-Pocket Expenses: Users could receive up to $2,500 if they could prove monetary losses tied to the breach.
- Lost Time: Users could claim up to three hours of time spent dealing with breach-related issues at a rate of $25 per hour.
- Transaction Losses: Users could seek reimbursement for any economic losses not already compensated.
Missed the Deadline? Here’s What You Can Do
If you missed the deadline to file a claim, there are still options available. The law firm representing the plaintiffs, Kantrowitz, Goldhammer & Grafman, may provide guidance. You can reach them by calling 201-897-7293 or visiting their website at kgglaw.com.
What Steps Should You Take Now?
Even if the filing window has closed, it’s wise to stay informed about your rights and gather any relevant documentation. Consulting with legal professionals can help you explore alternative options for addressing losses or risks tied to the breach.
Conclusion
The Cash App class action settlement aimed to compensate users for their losses and restore confidence. While the filing deadline has passed, those who missed out still have avenues to seek assistance and ensure their concerns are addressed. Staying proactive and informed is key to protecting your financial interests in similar situations.
FAQs
Q. How could users claim the Cash App settlement?
A. Claims had to be submitted by November 18, 2024, via www.cashappsecuritysettlement.com.
Q. What was the maximum amount users could claim?
A. Eligible users could claim up to $2,500.
Q. When did the Cash App breach occur?
A. The breach happened in December 2021.
Q. Who was eligible for compensation?
A. Users with a Cash App account active between August 23, 2018, and August 20, 2024, who hadn’t received prior compensation, were eligible.
Q. Which law firm represents the Cash App class action?
A. The plaintiffs are represented by Kantrowitz, Goldhammer & Grafman.