In 2021 and 2023, Cash App suffered two separate data breaches: one in which a former employee downloaded user transaction reports and another in which an unauthorized person accessed user account data.
A new class action lawsuit alleges that Cash App was negligent in handling these breaches and failed to adequately address customer concerns. Now, the company is paying a settlement to affected users — if you suffered a financial loss, you may be eligible.
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The exact amount each user will receive will depend on how many users file a claim and how much the lawyers take. However, the settlement site says you can file a claim for up to $2,500 to reimburse your losses.
However, many of the class action participants lost much more than that. According to A woman’s legal complaintHe lost $40,000 and spent hundreds of hours recovering from the breach. Other users complained that thieves took money to buy bitcoin, Google Marketplace gift cards, Roblox Marketplace items, stocks, and more. Some members of the class had their funds taken all at once, while others had them taken over time on up to 75 different occasions.
What kind of losses can users recover?
If the Cash App security breach caused you to pay Credit monitoringIf you request a credit report, cancel or replace a payment card, close a bank account and open a new one, or incur an overdraft or late payment fee, you may be able to get that amount refunded. You will need third-party documentation to prove these amounts and you can also justify up to three hours of lost time at $25 per hour.
How do you know if you are eligible?
The lawsuit documents state that anyone who was a Cash App customer from August 23, 2018, through August 20, 2024, and whose account information was accessed without their consent or who suffered fraudulent withdrawals or transfers of funds as a result of the breach is eligible to apply.
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If you were affected by the Cash App data breach, you can Join the Class Action Lawsuit and File a Claim Here.