Cash App Settlement on 15M Hack

Keep an eye on your bank statement — you may be owed money.

Cash App settles, pays out $15 million after 2021 data breach

Mobile payment service mandated to compensate users after personal information of millions was exposed.

Cash App has settled a class action lawsuit following a data breach in 2021 that exposed the personal information of millions of users. The breach led to a lawsuit against Cash App Investing and Block Inc., alleging they "failed to exercise reasonable care in securing and safeguarding consumer information."

The lawsuit stated:
"In December 2021, Cash App Investing suffered a data breach that resulted in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers."

A former employee accessed and downloaded user data without authorization, according to the suit.

How to submit a claim

• Users with a Cash App account between August 23, 2018, and August 20, 2024, can file a claim.
• Eligibility requires non-reimbursement from Block Inc., Cash App Investing, or third parties.

Claims available to Cash App users:

• Out-of-Pocket Losses: Users can prove their involvement in the breach and receive up to $2,500.
• Lost Time: Claims may cover lost time at a rate of $25 per hour, up to three hours.
• Transaction Losses: For unreimbursed monetary losses.

Deadline for submissions: Nov. 18, 2024.

Multiple Accounts, One Claim: Cash App advises users with multiple accounts to consolidate all information onto a single claim form.

-By USA TODAY-