December 16, 2024 – Cash App, the popular mobile payment platform, and its parent company, Block, Inc., have agreed to pay $15 million as part of a class action settlement. This decision comes after allegations that Cash App misled customers and improperly accessed their sensitive information. Many users reported unusual activities on their accounts, such as fraudulent transactions, unauthorized fees, and fake accounts. When users attempted to address these concerns with the company, they claimed to receive little to no assistance. As a result, a class action lawsuit was filed against the company.
The settlement aims to resolve the legal issues surrounding Cash App’s handling of user data and provide compensation for those impacted by these breaches. The money will be distributed among eligible customers who have faced financial harm or issues with the app’s services.
Cash App Legal Settlement Details
| Authority | Cash App |
| Program Type | Cash App Settlement |
| Country | USA |
| Settlement Amount | $15 Million |
| Claim Deadline | Given Below |
| Max Compensation | $2,500 |
| Category | Government Aid |
| Official Website | www.cashappsecuritysettlement.com |
Cash App Settlement Overview
The class action settlement stems from two main data breaches affecting Cash App users:
- In December 2021, a former employee accessed sensitive user information without consent.
- Unauthorized access occurred through recycled phone numbers linked to Cash App accounts.
Customers who experienced fraudulent transactions or had their personal information accessed without permission between August 23, 2018, and August 20, 2024, may be eligible for compensation.
Who Is Eligible for the Cash App Settlement?
To qualify for the Cash App Settlement, applicants must meet the following criteria:
- Be a current or former user of Cash App.
- Have had personal information accessed without consent by Cash App employees.
- Experienced fraudulent transactions or unresolved account errors.
- The data breach must have occurred between August 23, 2018, and August 20, 2024.
How to Claim Your Cash App Settlement Payment
Eligible customers can claim their portion of the $15 million settlement by following these steps:
- Visit the official settlement website.
- Click on the claim option in the notification section.
- Complete the form with your account details.
- Submit the form and await further notification from Cash App authorities.
Important Dates
- Claim Submission Deadline: November 18, 2024
- Final Approval Hearing: January 13, 2025
- Payments Issued: After the final court hearing
Settlement Distribution
The settlement will be distributed based on the losses incurred by each eligible customer. The maximum compensation a customer can receive is $2,500, which will be allocated to those who qualify based on the severity of the breach they experienced.
For more information or to submit a claim, visit www.cashappsecuritysettlement.com.
This settlement provides a much-needed resolution for affected Cash App users and serves as a reminder of the importance of protecting personal data in the digital age.