If you’re among the millions of Cash App users, you might be eligible for compensation due to a recent settlement stemming from a data breach that compromised user information. The settlement addresses several key issues, including insufficient data protection measures by Cash App.
Read on to learn more about the settlement, eligibility criteria, and how to submit your claim.
Table of Contents
What is the $15 Million Cash App Data Breach Class Action Settlement?
A $15 million class action settlement has been reached with Cash App due to a data breach incident, resulting in the exposure of customer information. The lawsuit, Salinas v. Block, Inc. and Cash App Investing, LLC, claims that the companies were negligent in protecting users’ data and did not adequately resolve related complaints.
Key issues addressed in the lawsuit include:
- A data breach was disclosed by Cash App Investing in April 2022.
- Another data breach was disclosed by Block in October 2023.
- Unauthorized and fraudulent transactions, as well as issues with complaint and error resolution processes related to Cash App accounts.
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Settlement Details
Affected class members can claim up to $2,500 for documented losses linked to these breaches. This compensation can cover credit monitoring costs, bank fees, travel expenses, and up to three hours of lost time, compensated at $25 per hour. Additional compensation may be available for those who experienced fraudulent transactions, provided they have the necessary documentation.
Who is Eligible for the Cash App Data Breach Settlement?
To qualify for the settlement, you must:
| Category | Description |
|---|---|
| User Type | Current or past CashApp customer |
| Conditions | – Personal information obtained without consent – Experienced fraudulent transactions |
| Time Frame | Between August 23, 2018, and August 20, 2024 |
How Do I File a Claim?
For those with a personalized notice:
- Locate your Notice ID and Confirmation Code in the notice you received.
- Enter the Notice ID exactly as shown.
- Enter the Confirmation Code.
For those without a personalized notice:
- Click on the option to file a claim without a Notice ID.
- Provide your information manually.
If you encounter any issues, you can contact the official Cash App / Block class action settlement administrator for assistance.
Important Deadlines
| Event | Date |
|---|---|
| Exclusion and Objection Deadline | November 1, 2024 |
| Claim Form Deadline | November 18, 2024 |
| Final Approval Hearing | December 16, 2024 |
Contact Information
For more details or assistance with your claim, reach out to the Cash App Security Settlement Administrator:
| Detail | Information |
|---|---|
| Address | 1650 Arch Street, Suite 2210, Philadelphia, PA 19103 |
| Phone | 866-615-9740 |
| Website | CashAppSecuritySettlement.com |
Legal Representation
The plaintiffs are represented by:
- David A. Goodwin (Gustafson Gluek PLLC)
- Nicholas A. Migliaccio and Jason S. Rathod (Migliaccio & Rathod LLP)
- Gary S. Graifman and Melissa R. Emert (Kantrowitz Goldhamer & Graifman PC)
- Scott D. Hirsch (Scott Hirsch Law Group)
- William B. Federman (Federman & Sherwood)
The defense counsel for Cash App includes Aravind Swaminathan and Michelle Visser from Orrick Herrington & Sutcliffe LLP.
This settlement offers a chance for affected Cash App users to receive compensation for their losses. Be sure to gather the necessary documentation and submit your claim on time to take advantage of this opportunity.
FAQs
What types of losses are covered by the settlement?
The settlement covers documented losses, including credit costs, bank fees, travel expenses, and compensation for lost time.
How much can I receive from the settlement?
Eligible members can receive up to $2,500 for documented losses, plus additional compensation for fraudulent transactions.
How do I contact the Claims Administrator?
You can contact the Claims Administrator at 866-615-9740 or visit CashAppSecuritySettlement.com.