If you had a Cash App account between August 2018 and August 2024, you may be able to claim up to $2,575 in data breach compensation. However, only if you file your claim promptly.
Cash App data breach
Cash App is owned by Block, formerly known as Square. Back in 2022, the company disclosed a data breach that affected 8.2 million users.
The company revealed that the former employee continued to have access to U.S. customer information even though he left the company several months ago. Cash App is one of the most popular apps on iOS and a competitor to Apple’s own Apple Cash service.
As reported by TechCrunch, Cash App has notified approximately 8.2 million users about the breach. Information that former employees may have access to includes names and brokerage account numbers. In some cases, employees also had access to “the value of the securities portfolio, the amount held in the securities portfolio, and stock trading activity over a trading day.”
Company agrees to provide indemnification
Mr. Block did not admit liability in the class action lawsuit filed against the company, but agreed to compensate victims for the cost and time he spent dealing with the problem.
Engadget We are reporting that the deadline to file a claim is rapidly approaching.
If you had a Cash App account between August 23, 2018 and August 20 of this year, you may be eligible to make a claim. The proposed settlement will cover up to $2,500 in out-of-pocket costs resulting from the violation and up to three hours worth of lost time at $25 per hour. People who have suffered financial losses and have not yet been reimbursed can also claim for their damages.
If you plan to file a claim through , you must do so by 2 a.m. ET on November 19th.
Once a claim is filed, you will have to wait until December 19th to hear if a judge accepts the settlement offer. If not, it could be mixed news. You’ll have to wait longer to receive your payment, which can be expensive.
Image by Maria Shalabieeva on Unsplash
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