Cash App customers can claim up to $2,500 from $15 million data breach settlement – but you must fill out online form

CASH App is paying out $15 million after a major data breach settlement, and many customers could get a piece.

The company settled after several customers brought a class action lawsuit against it.

Alamy

Cash App is a popular online payment service, with around 56 million transacting users.

Data breaches in 2022 and 2023 led to certain user info being accessed without authorization.

Plaintiffs in the case alleged the company was negligent in failing to adequately protect data.

Cash App is owned by Block, formerly known as Square, which is also named in the suit.

While the company denied wrongdoing, it settled — avoiding the costs of further litigation.

Now, Americans can get payments up to $2,500.

There are a few eligibility requirements to meet.

WHO QUALIFIES?

Current and former customers may qualify if their info was accessed.

If your Cash App account was accessed or obtained without authorization, or if you had any unauthorized transactions made to resolve a Cash App error, you may qualify.

However, any incident must have occurred within a certain time period.

That period is from August 23, 2018 to August 20, 2024.

With documentation, you can claim up to $2,500 in reimbursement for losses related to identity theft, credit tracking, and fees.

You can also be reimbursed for lost time related to the incident, worth up to $75.

On top of that, you can file a claim with documentation for any losses that came directly from unauthorized account access.

The deadline to file a claim is November 18, 2024.

More info is available on the settlement website .

What's a class-action settlement?

Class action lawsuits offer groups of people, or 'classes,' a way to band together in court.

These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.

When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.

Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.

These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.

Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.

MORE SUITS

Data breaches often lead to class action lawsuits against companies.

Many suits claim that companies are liable for data breaches for failing to protect private info.

U-Haul is paying $5 million after it was sued for failing to prevent a security incident.

The settlement will benefit Californians who had their info breached.

One telecom company is paying $1.5 million over a breach.

A business logistics company is paying out $4,500 to people impacted by a data leak.

Nearly 3 billion people were impacted by a recent data breach.