Class Action Lawsuit: Cash App users have five days to claim a $15 million settlement of up to $2,500

Cash App has been ordered to pay $15 million to app users who were exposed to a security breach that resulted in the exposure of millions of users’ personal information.

Users can receive up to $2,500 for unauthorized or fraudulent activity on their Cash App accounts between August 23, 2018 and August 20, 2024. Users who have already received a refund from Block, Cash App Investing or a third party are not eligible.

The breach occurred when a former Cash App employee downloaded users’ personal information without their knowledge.

The December 2021 data breach “resulted in the unauthorized public disclosure of the personal information of 8.2 million current and former Cash App Investing customers,” according to the lawsuit.

The plaintiffs sued Cash App Investing and Block, saying the companies failed to “exercise reasonable care in securing and protecting consumer information.”

Users can file a claim for out-of-pocket losses, lost time and transaction losses.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

For lost time, a user can submit a claim for up to three hours at a rate of $25 per hour for the time spent remediating the data breach. For out-of-pocket losses, a user must prove that their account was involved in the data breach, and for transaction losses, a user must prove that they lost funds and were not reimbursed.

Users should only submit one claim. Users with multiple accounts should list them in a single form.