Cash App Settlement claim: As part of a $15 million settlement, Cash App users affected by data breaches and the theft of account information may be eligible to receive compensation of up to $2,500. The first data breach occurred in April 2022, and the second in October 2023.
Cash App Investing says it did nothing wrong and is not responsible for what the case says.
According to the class action lawsuit, Cash App Investing violated its obligation to its consumers in 2022 when a former employee obtained account information without authorization. According to the lawsuit, in 2023, individuals who weren’t meant to have them used phone numbers that were associated with Cash App accounts.
If the case is true, it means that the former employee got into customer data without permission and put the private information of 8.2 million Cash App users online.
Even if you have many Cash App Accounts, you are only allowed to make a single claim per individual. You will need to include a list of all of your $Cashtags on the claim form if you do have several Cash App Accounts.
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Cash App Settlement Claim: Who is qualified?
Customers of Cash App or Cash App Investing who used the app between August 23, 2018, and August 20, 2024, whether current or past, are entitled to apply for the settlement. Suspects include:
- Their Cash App account was accessed by an unauthorized entity
- There were fraudulent transactions on their account
- That a Cash App error resolution was inadequate
- That they saw sensitive personal information swiped via Cash App
How a claim is submitted
Cash App users can submit a completed form by November 18, 2024, for consideration, to file a legal claim. Users must submit either a notification ID or a confirmation code if they received a notice by mail or email. If you haven’t received any notice, you can still submit a claim by completing this form.
Making a claim online at cashappsecuritysettlement.com is the fastest method to do so. You can mail in your completed forms as well. A form from the Settlement website can be printed, then mailed to the Claims Administrator at the address provided. Claim forms can also be obtained by mailing to Cash App Security Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103, or by calling 1-866-615-9740.
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Costs you can recover
In the end, the number of individuals who submit legitimate claims before the deadline will decide the compensation amounts. You can get up to $2,500 in recovery. Three categories of costs are covered by reimbursement: transactional losses, lost time, and out-of-pocket costs.
To support your claim, you’ll need to provide third-party documentation showing the transactional losses you experienced and the steps you took to report them. You can use several methods to report the incident, including:
- A police report
- A report filed with your bank or credit union
- A report to the Federal Trade Commission (FTC) or another government agency
- Proof of communication with Cash App
These documents will help substantiate your claim and facilitate the recovery process.
