In 2021 and 2023, Cash App suffered two separate data breaches — the first was a former employee downloading user transaction reports, and the other was an unauthorized person accessing 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 settlements to affected users — if you suffered financial losses, you may be eligible.
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The exact amount each user receives will depend on how many users file claims and how much money the attorneys take. However, the settlement website says you can file a claim for up to $2,500 to recoup losses.
However, many members of the class action lawsuit lost much more than that. According to A woman’s legal complaintShe lost $40,000 and spent hundreds of hours recovering from the breach. Other users complained of thieves taking money to buy Bitcoin, Google Marketplace gift cards, Roblox marketplace items, stocks, and more. Some class members had all their money taken at once, while others had it taken over time as many as 75 different times.
What losses can users recover?
If a Cash App security breach costs you money credit monitoringIf you request a credit report, cancel or replace a payment card, close a bank account and open a new one, or incur overdraft or late payment fees, you may be eligible for a refund. You will need third-party documentation to prove these amounts, and you may also be charged up to three hours of lost time at a rate of $25 per hour.
How do you know if you qualify?
The lawsuit documents state that anyone who was a Cash App customer between August 23, 2018, and August 20, 2024, and whose account information was accessed without consent or who had fraudulent withdrawals or transfers as a result of the breach is eligible to file.
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If the Cash App data breach affects you, you can Join the class action lawsuit and file a complaint here..
