Users of the popular online payment service Cash App can now claim up to $2,500 as part of a $15 million class action settlement related to data breaches. The deadline to submit a claim is approaching fast, with consumers urged to fill out an online form by November 18, 2024 to access the funds.
Settlement Details
The settlement comes after a class action lawsuit alleged that Cash App and its parent company, Block (formerly known as Square), failed to adequately protect user data and prevent unauthorized access to accounts. Plaintiffs also claimed that the company mishandled customer complaints related to security breaches and fraudulent transactions.
While Block denied any wrongdoing, the company opted to settle the case to avoid further litigation costs.
Also Read: – Americans Eligible for Up to $7,200 from $3.25M Data Breach Settlement – Submit Receipt for Cash
Eligibility for Claims
Consumers can submit a claim if their Cash App account experienced fraudulent withdrawals or transfers between August 23, 2018, and August 20, 2024. Eligible users must provide documentation to support their claims and can receive reimbursement for:
- Losses related to identity theft
- Credit tracking expenses
- Fees incurred due to unauthorized transactions
Additionally, users can be compensated for time lost dealing with the breach, up to $65.
How to File a Claim
To file a claim and access the settlement, users must complete an online form by November 18, 2024. This presents an opportunity for affected Cash App users to recover financial losses from the security breach, with payments of up to $2,500 available.
If you had an account with Cash App during the specified period and experienced unauthorized access, you may be eligible to receive compensation as part of the settlement.
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