As part of a $15 million class-action settlement for data and security breaches at the popular mobile payment service Cash App, you may be able to collect more than $2,500, which is a lot of money. This is a big deal for Cash App users.
If someone got into your account without your permission or if you had fraudulent payments or withdrawals, you can file a claim. According to the webpage for the settlement, this is for people who had or have an account between August 23, 2018, and August 20, 2024.
Cash App Settlement Background
This case is a result of something that happened in 2021 and was made public by the company in 2022: a former worker downloaded reports of some U.S. users without their permission. Also, in 2023, it was found that someone who wasn’t supposed to have access to some Cash App accounts used linked phone numbers to get in.
- Customers could receive a lot of money, over $2,500 each.
- The settlement amount totals $15 million.
- Eligibility covers accounts from August 23, 2018, to August 20, 2024.
- The lawsuit highlights two significant security breaches.
If you think you should get this settlement, make sure you file your claim as soon as possible.
In a new legal move, plaintiffs say that Cash App and its parent company, Block, did not put in place enough controls to stop people who are not supposed to be there from getting into accounts. The plaintiffs also say that the company did not properly handle customer reports about security breaches and fraudulent transactions.
Strengthening Data Security
As part of the settlement, both Cash App and Block have committed to taking measures to enhance their data security protocols. This move is aimed at providing better protection for their users and preventing future security issues.
Settlement Agreement
Even though Cash App and Block have said they did nothing wrong, they have decided to pay $15 million to end the lawsuit. After lawyers’ fees and administrative costs are paid, the rest of the money will be given to customers who have been affected and make valid claims.
How to File a Cash App Claim to Get Your Money
Visit the site https://www.cashappsecuritysettlement.com/ to make a claim if you are a customer who was affected. You must enter a notice ID and confirmation code from a mailed or emailed notice in order to move forward. You may also file a claim even if you have not gotten a notice.
Deadline for Filing a Cash App Claim to get money
People can make a claim under the settlement until November 18. If you want to get paid, make sure you send in your claim before the deadline.
Are you interested in how much money you can get from the recent settlement? The exact amount is still unknown because a lot of things affect how many claims are made. There is some clarity, though, about possible refunds.
Claiming Your Money
If the security and data leaks hurt you, you might be able to file claims for up to $2,500 to cover your out-of-pocket costs. According to the settlement page, you’ll need to show proof of your claim from a third party in order to be eligible.
Some out-of-pocket costs that may be covered by insurance are:
- Costs for credit monitoring or identity theft insurance.
- Fees for requesting a credit report or initiating a credit freeze.
- Expenses from canceling a payment card or obtaining a replacement card.
- Costs related to closing a bank account and opening a new one.
- Unrefunded overdraft fees.
- Unrefunded late or missed payment fees or charges.
Compensation for Lost Time
The settlement details say that customers can get up to three hours of missed work paid for at a rate of $25 per hour in addition to their out-of-pocket costs.
Keep up with the news and make sure you have all the paperwork you need to make your claim as strong as possible. You can get some of the money you lost because of the breach back through the settlement, so make sure you use it to its fullest.
Do you use the Cash App and have you lost a transaction? You can make a claim to get your money back. To do that, you’ll need to send in the right paperwork, like a copy of a police report.
What Happens if the Settlement Fund Can’t Fully Pay Every Claim?
If there’s not enough money in the settlement fund to cover every approved claim in full, payments will be made on a reduced pro rata basis.
What Other Options Do I Have?
As you think about your choices, here are some ways you can go:
Opt Out: Before November 1, you can “opt out” of the deal if you don’t want to be a part of it. In the future, you can sue the defendants or be a part of another case against them.
Object: If you think the settlement is unfair or not enough, you can also write to the court before November 1 and say no to the settlement deal.
Do Nothing: Last but not least, you can choose to do nothing. But if you don’t do anything, you won’t get any money and might also lose the right to sue again over claims that were covered by the settlement.
Weigh your options carefully to decide the best course of action for your situation.