Cash App Data Breach Settlement: Users Can Claim Up to $2,500
Eligible Cash App users are entitled to compensation following a data breach and unauthorized transaction settlement.
Background:
Cash App, owned by Block Inc., was involved in a data security incident that resulted in unauthorized transactions. The company denied any wrongdoing but agreed to settle the class action lawsuit for $15 million.
Eligibility:
Eligible Cash App users who experienced unauthorized transactions or data security concerns between January 2019 and February 2022 are entitled to claim compensation.
Compensation:
Eligible users can claim up to $2,500. The amount of compensation will depend on the severity of the impact and the individual's circumstances.
To claim compensation, eligible users must submit a claim form by May 2, 2023. The process is expected to take several months to complete.
Conclusion:
This settlement serves as a reminder of the importance of protecting personal and financial data. Cash App users should take proactive steps to safeguard their accounts and monitor their transactions regularly. By holding companies accountable for data breaches, consumers can help to ensure their rights and privacy are upheld.
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