The deadline for Cash App users to file claims related to the 2021 data and security breach has passed. However, many users still have doubts about the process. In this article, we will go into detail about this settlement and also explain what options you have if you do not file a claim in time.
When did the Cash App data mess happen?
This security problem went down in December 2021, which is when Cash App and Block Inc. got hit with a lawsuit. The suit claimed they didn’t do enough to protect user info. Because of this, private details for 8.2 million past and present Cash App Investing users were exposed.
What made it worse was a former employee secretly got into user info and downloaded it without permission. That put a lot of people at risk.
Cash App settlement: What compensation will users get?
A settlement of $15 million was reached to provide financial compensation to affected users in this case.
- Eligible users could claim a maximum of $2,500.
- The deadline to submit claims was November 18, 2024.
- Only those users whose information was leaked in the breach and who submitted the required documents were compensated.
Were you eligible for a Cash App claim?
Users had to meet the following conditions to receive compensation from Cash App:
- The Cash App account must have been opened before August 23, 2018.
- The account must have been active by August 20, 2024.
- No compensation has already been received from Block Inc., Cash App Investing or any other third party.
What to do now if you missed the deadline?
If you did not file your claim by the deadline to file a Cash App claim (November 18, 2024), there is no need to panic. You can still get information about your legal rights.
You can try the following options for legal assistance:
- Contact the Kantrowitz, Goldhammer & Grafman law firm.
- Phone number: 201-897-7293
- Website: kgglaw.com
- If you have any evidence related to the data breach, consider taking legal action in the future.
What types of claims could Cash App users make?
Cash App users were given the option to apply for different types of claims, including:
- Personal Out-of-Pocket Losses
- If the user’s account was affected by the breach, they could claim up to a maximum of $2,500.
- This required the user to submit evidence of their financial loss.
- Lost Time Compensation
- If a user had to spend time resolving financial issues due to the data breach, they could claim up to a maximum of three hours at a rate of $25 per hour.
- Transaction Losses
- If a user was harmed financially and had not already received any compensation, they could also claim for transaction-related losses.
When did the Cash App data mess happen?
This security problem went down in December 2021, which is when Cash App and Block Inc. got hit with a lawsuit. The suit claimed they didn’t do enough to protect user info. Because of this, private details for 8.2 million past and present Cash App Investing users were exposed.
What made it worse was a former employee secretly got into user info and downloaded it without permission. That put a lot of people at risk.
How to Keep Your Account Secure
Since this affected millions of people, here’s what you should do to keep your account safe:
- Keep an eye on your Cash App account for any weird or unauthorized activity.
- Change your passwords and turn on 2-factor authentication (2FA) to lock things down.
- Watch out for phishing scams. Only log in through the official Cash App site or app.
- If you see anything suspicious, get in touch with Cash App customer support right away.
Conclusion
The Cash App data breach is a big heads-up about keeping your personal info safe and staying sharp when you’re using online money services. People who were impacted had a shot at getting paid, but if you missed that, there might be other ways to get legal help.
It’s super important to keep your account secure and know what’s out there that could mess with your money.
FAQs
Q. When did the Cash App data breach occur?
A. The breach happened in December 2021, exposing the personal data of 8.2 million users.
Q. What was the deadline to file a claim?
A. Users had until November 18, 2024, to submit their claims for compensation.
Q. How much could eligible users receive?
A. Eligible users could claim up to $2,500, depending on their financial losses.
Q. What if I missed the claim deadline?
A. If you missed the deadline, you can contact the Kantrowitz, Goldhammer & Grafman law firm at 201-897-7293 for legal options.
Q. How can I protect my Cash App account from future breaches?
A. Enable two-factor authentication (2FA), monitor your transactions regularly, and avoid phishing scams.