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Cash App users can claim thousands of dollars in a data breach settlement

<p>Heads up if you’ve had a Cash App account over the last six years or so: you may now be able to claim thousands of dollars as a result of a class-action settlement. The company proposed the $15 million settlement earlier this year following two security incidents. If you're eligible to make a claim, you only have a few weeks to do so.</p>
<p>The first related breach took place in December 2021 when, according to Cash App, a former employee downloaded reports containing information on more than 8 million users. This included their full names, brokerage account numbers and, in some cases, the holdings and value of investment portfolios. Cash App <a data-i13n="cpos:1;pos:1" href="https://www.engadget.com/cash-app-breach-impacted-over-8-million-users-005757744.html">disclosed the incident in April 2022[/url].</p>
<span id="end-legacy-contents"></span><p>The consolidated class-action complaint alleged that Cash App and parent company Block failed to enact sufficient security measures to prevent another data breach. This involved Cash App’s person-to-person payment services. According to the plaintiffs, “an unauthorized user accessed certain Cash App accounts in 2023 using recycled phone numbers.&quot; The complaint contended that Cash App and Block mishandled complaints related to both breaches and fraudulent transactions.</p>
<p>Cash App and Block have denied any wrongdoing, <a data-i13n="cpos:2;pos:1" href="https://www.nytimes.com/2024/08/09/business/cash-app-settlement.html">The New York Times[/url] reports. They say the settlement is not an admission of liability.</p>
<p>You may be eligible to make a claim if you had a Cash App account between August 23, 2018 and August 20 of this year. The settlement will cover up to $2,500 of out-of-pocket costs stemming from the breaches, as well as up to three hours worth of lost time at $25 per hour. Those who have sustained a monetary loss and haven’t yet been reimbursed can file a claim for that too.</p>
<p>If you plan to file a claim through the <a data-i13n="cpos:3;pos:1" href="https://cashappsecuritysettlement.com/submit-claim">settlement website[/url], you’ll need to do so by 2AM ET on November 19. A final court hearing in the case is set for December 16.</p>This article originally appeared on Engadget at https://www.engadget.com/big-tech/cash-app-users-can-claim-thousands-of-dollars-in-a-data-breach-settlement-194520756.html?src=rss

Source: Cash App users can claim thousands of dollars in a data breach settlement (https://www.engadget.com/big-tech/cash-app-users-can-claim-thousands-of-dollars-in-a-data-breach-settlement-194520756.html?src=rss)