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If you're a Cash App user who's been affected by the Square data breach, you might be eligible for a settlement. The data breach occurred in 2019 and 2020, and it's estimated that over 4.9 million customers had their personal and financial information compromised.
To be eligible for the settlement, you must have had a Cash App account between September 15, 2017, and January 21, 2020. This is a crucial time frame to keep in mind, as it determines whether or not you're eligible for the settlement.
Eligibility and Claims
To be eligible for compensation, you must have had a Cash App account on August 23, 2018, and before August 20, 2024, and not have already been reimbursed by Block Inc., Cash App Investing, or a third party.
You can file a claim for one of three types of losses: Out-of-Pocket Losses, Lost Time, or Transaction Losses. Out-of-Pocket Losses can be reimbursed up to $2,500, Lost Time can be reimbursed for up to three hours at $25 per hour, and Transaction Losses can be reimbursed if you experienced a monetary loss that hasn't been reimbursed yet.
To file a claim, you'll need to provide documentation or evidence that supports your claim, such as correspondence with Cash App about unauthorized access, bank statements showing unauthorized charges, or proof of expenses incurred. Don't forget that the deadline for filing claims is November 18, 2024, so act promptly to secure your compensation.
Am I Eligible to File a Claim?
To determine if you're eligible to file a claim, you'll want to check your account status. Cash App users must have had an account on August 23, 2018, and before August 20, 2024, to be able to file a claim.
You'll also want to make sure you haven't already been reimbursed by Block Inc., Cash App Investing, or a third party. This is a crucial step to avoid duplicating claims.
The type of incident you experienced will also play a role in determining your eligibility. Compensation is specifically for users who experienced unauthorized access or personal data exposure due to the breach.
Types of Claims
If you're a Cash App user who's been affected by a data breach, you'll want to know what types of claims you can file.
You can submit a claim for Out-of-Pocket Losses, which includes reimbursement for up to $2,500 if you can provide the required documentation to the company.
Cash App users who've experienced lost time due to the data breach may be eligible for reimbursement at a rate of $25 per hour for up to three hours.
If you've experienced a monetary loss and haven't been reimbursed yet, you can submit a claim for Transaction Losses.
Understanding the Incident
If you're considering filing a claim, it's essential to understand what types of incidents are eligible for compensation. Users who experienced unauthorized access or personal data exposure may qualify.
Unauthorized access can occur when suspicious activity is noticed, such as unauthorized transactions or changes to your account. This could also include situations where your account or financial data was accessed without your consent.
Personal data exposure is another category that may be eligible. This includes situations where your personal information was exposed in the breach, such as full names, account numbers, portfolio values, or trading activity.
The type of incident you experienced will determine whether you're eligible for compensation. To qualify, you must have experienced one of the following:
- Unauthorized Access
- Personal Data Exposure
If you're unsure whether your incident is eligible, reviewing the specific details of the breach may help clarify things.
Next Steps and Deadlines
If you're eligible for the Cash App settlement, you should act quickly to file your claim. The deadline for filing claims is November 18, 2024, at 10:59 p.m. PT.
To file a claim, you'll need to gather relevant documentation, such as correspondence with Cash App about unauthorized access, bank statements showing unauthorized charges, and proof of expenses incurred, like credit monitoring services.
You can file your claim through the dedicated settlement portal at cashappsecuritysettlement.com. If you received a notification with a Notice ID and confirmation code, have those details ready when submitting your claim.
The settlement website explains that eligible users can submit a claim for up to $2,500 for out-of-pocket losses experienced during the stated timeframe. However, you'll need to provide third-party documentation that connects it to a data security incident, unauthorized account event, or deficiency in error resolution.
You can also submit a claim to be reimbursed for lost time, capped at $25 an hour for three hours, for a total of $75, and for documented transaction losses due to an unauthorized account event.
Here's a summary of the available settlement benefits:
- Up to $2,500 for out-of-pocket losses
- $75 for lost time (up to 3 hours at $25/hour)
- Documented transaction losses due to an unauthorized account event
Note that the website does not yet say when payments will be dispersed. A final approval hearing for the settlement was scheduled for December 16, 2024, though it has been rescheduled to January 13, 2025, pending court approval.
Frequently Asked Questions
How to file a claim to get $2500 from a Cash App settlement?
To file a claim for the Cash App settlement, visit the settlement website and enter your notice ID and confirmation code if you have them, or proceed without notice if you haven't received one.
Sources
- https://www.forbes.com/sites/larsdaniel/2024/11/03/cash-app-to-pay-15-million-in-data-breach-settlement-are-you-eligible/
- https://www.aura.com/learn/i-got-scammed-on-cash-app-what-do-i-do
- https://fox59.com/news/national-world/cash-app-settlement-deadline-to-submit-claim-for-up-to-2500-nears/
- https://www.indystar.com/story/money/2024/10/24/claim-deadline-coming-up-for-15-million-cash-app-settlement-how-to-file/75820313007/
- https://www.wric.com/news/u-s-world/cash-app-settlement-deadline-to-submit-claim-for-up-to-2500-nears/
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