Cash App users could get some cash sent to their bank accounts soon.
In a settlement, the mobile payment service was ordered to pay out $15 million in damages.
According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued Cash App Investing and Block Inc. for the companies' "failure to exercise reasonable care in securing and safeguarding consumer information."
The lawsuit said that the December 2021 data breach resulted, “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.”
In addition, a former employee gained access to Cash App users’ personal information during their employment and downloaded the data without the users’ knowledge, the lawsuit said.
If users had unauthorized or fraudulent withdrawals or transfers of funds from their Cash App account between Aug. 23, 2018, and before Aug. 20, 2024, they are eligible to submit a claim for up to $2,500, the Cash App website said.
Here is what you need to know about the Cash App settlement.
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Cash App users that will be able to file a claim must have had an account on Aug. 23, 2018 and before Aug. 20, 2024. The users that will qualify have not already been reimbursed by Block Inc., Cash App Investing or a third party, the mobile payment service said.
According to Cash App, a user can submit a claim for the following:
Users should only submit one claim form. However, if you have multiple Cash App accounts to submit a claim for, the mobile payment service recommends users to list all of their $(InsertYourCashTag) and information about their claims on a single claim form, Cash App said.
To file a claim, Cash App users can submit a completed claim form by Nov. 18, 2024 for consideration.
You can submit the claim form at https://cashappsecuritysettlement.com/submit-claim.
Ahjané Forbes is a reporter on the National Trending Team at USA TODAY. Ahjané covers breaking news, car recalls, crime, health, lottery and public policy stories. Email her at [email protected]. Follow her on Instagram, Threads and X (Twitter) @forbesfineest.
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