Cash App Settlement 2024: There is limited time left for eligible Cash App users to file a claim for compensation from the $15 million Cash App settlement. The legal settlement addresses two data breaches and other security-related issues that exposed sensitive user information and led to unauthorized account access and fraudulent transactions. Users affected between August 23, 2018, and August 20, 2024, can file a claim to receive compensation of up to $2,500.
The settlement stems from a class-action lawsuit alleging that Cash App, a service operated by Block Inc. (formerly Square), had inadequate security systems and protocols, leading to multiple incidents of data misuse. If you qualify, it is essential to act before the November 18, 2024 deadline.
Cash App Settlement 2024
The Cash App Settlement of 2024 is a legal agreement resulting from lawsuits filed by users over data breaches and unauthorized transactions. Cash App agreed to pay $15 million in compensation to users affected by these issues. Individuals who meet specific eligibility criteria can claim reimbursement for financial losses, time spent resolving disputes, or misuse of personal information.
The issues that led to this settlement occurred in two main instances:
- December 2021 Data Breach: A former employee accessed sensitive customer data, affecting 8.2 million users.
- Fraudulent Transactions in 2024: Unauthorized access to user accounts led to financial losses for many customers.
Cash App Settlement 2024 – Overview Table
| Aspect | Details |
| Authority | Cash App (Block Inc.) |
| Program Type | Cash App Settlement |
| Settlement Amount | $15 Million |
| Claim Deadline | November 18, 2024 |
| Maximum Compensation | Up to $2,500 |
| Eligibility Period | August 23, 2018, to August 20, 2024 |
| Category | Legal Settlement |
| Official Website | cashappsecuritysettlement.com |
Cash App $15 Million Legal Settlement Details
The Cash App legal settlement addresses serious security lapses that caused financial and personal challenges for affected users. The two incidents of data breach exposed user information, enabling fraudulent transactions and unauthorized account access.
The first major breach occurred in December 2021, when a former employee downloaded customer data from Cash App Investing without authorization. This breach impacted 8.2 million customers and exposed sensitive information.
In the second instance, Cash App discovered issues where user accounts were accessed without permission, leading to fraudulent transactions. The lawsuit alleged that Cash App’s security measures were inadequate, resulting in these breaches.
Cash App $15 Million Legal Settlement Amount
Under this settlement, eligible customers can claim compensation based on the type and severity of the issues they faced:
- Reimbursement for Financial Losses: Customers who lost funds due to unauthorized transactions can claim up to $2,500 by providing documentation of the loss and the steps taken to resolve it.
- Compensation for Time Spent: Customers who spent time addressing issues caused by security breaches can claim up to $25 per hour for up to three hours.
- Personal Information Misuse: Those who experienced a breach of personal data can file claims to recover damages related to privacy violations.
To receive compensation, users must provide proof of their losses or other documentation, such as bank reports, correspondence with Cash App, police reports, or FTC filings.
Eligibility for Cash App $15 Million Legal Settlement
To qualify for the settlement, users must meet the following eligibility criteria:
- Experienced unauthorized access to their Cash App or Cash App Investing accounts.
- Suffered from fraudulent transactions or withdrawals from their accounts.
- Encountered inadequate resolution of their issues by Cash App.
- Had their personal information misused due to data breaches.
- Have documentation of the incidents, such as reports to the bank, police, FTC, or other relevant agencies.
The eligibility period covers incidents that occurred between August 23, 2018, and August 20, 2024.
How to File Your Claim
Filing a claim for the Cash App Settlement 2024 is a straightforward process. Follow these steps to submit your application:
- Visit the Official Website: Go to cashappsecuritysettlement.com.
- Complete the Claim Form: Fill out the form with your personal information, details of the incident, and supporting documentation.
- Submit Online or Mail the Form: You can submit the completed form online or mail it to the address provided on the website.
- Contact the Helpline (Optional): If you need assistance, use the helpline number available on the official website to get help with your claim.
Ensure that all documentation is accurate and submitted before the November 18, 2024 deadline to be eligible for compensation.
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FAQs
How to get Cash App Settlement 2024?
To get the settlement, you need to file a claim through the official website by providing details about the incident, supporting documents, and submitting the claim form by November 18, 2024.
Is the Cash App settlement real or fake?
The Cash App settlement is real. It is the result of a class-action lawsuit against Cash App and Block Inc., and eligible users can receive compensation from the $15 million settlement.
How much can you get from the Cash App settlement?
Eligible customers can receive up to $2,500 depending on their financial losses. Additional compensation is available for time spent resolving issues, capped at $25 per hour for up to three hours.
