The deadline for users to submit claims related to the 2021 Cash App data breach has passed, leaving many unaware of the proper claim-filing procedures. In this article, we’ll outline the details of the settlement and what you can do if you missed the filing deadline.
When Did the Cash App Data Breach Occur?
The breach took place in December 2021, prompting a lawsuit against Cash App and its parent company, Block Inc. The lawsuit alleged that inadequate security measures exposed users’ personal data. Approximately 8.2 million current and former Cash App Investing users were affected when their private information was compromised.
A former employee accessed and downloaded sensitive user data without authorization, further increasing the risks for affected individuals.
Cash App Settlement: Compensation Details
A $15 million settlement was reached to compensate users impacted by the breach.
How Much Compensation Was Available?
Eligible users could claim up to $2,500 under specific conditions. The deadline to submit claims was November 18, 2024. Only those whose information was compromised and who provided necessary documentation were eligible for compensation.
Who Qualified for a Cash App Settlement Claim?
To qualify for compensation, users needed to meet these criteria:
- The Cash App account must have been created before August 23, 2018.
- The account must have remained active until at least August 20, 2024.
- Users must not have previously received compensation from Block Inc., Cash App Investing, or another third party.
What If You Missed the Claim Deadline?
If you failed to file your claim before November 18, 2024, there’s no need to panic. You may still have legal options available.
You can seek legal assistance from:
- Kantrowitz, Goldhammer & Grafman Law Firm
- Phone: 201-897-7293
- Website: kgglaw.com
Additionally, if new evidence emerges, you may still have a chance to pursue legal action regarding the breach.
Types of Claims Cash App Users Could File
Affected users were given the opportunity to claim compensation for different types of losses:
- Financial Losses: Users whose accounts suffered financial harm could claim up to $2,500 with valid proof of loss.
- Lost Time Compensation: Those who spent time resolving issues related to the breach could claim up to 3 hours at a rate of $25 per hour.
- Transactional Losses: Users who incurred financial losses and had not been previously reimbursed could request compensation for their lost funds.
Understanding the Cash App Data Breach
In 2021, a former employee improperly accessed and downloaded sensitive user information, affecting 8.2 million Cash App users. This incident raised serious concerns about the platform’s security measures and highlighted the importance of protecting personal data.
How to Keep Your Cash App Account Secure
Given the magnitude of the breach, users should take proactive steps to enhance their account security:
- Regularly monitor your account for unauthorized activity and report suspicious transactions immediately.
- Change passwords frequently and enable two-factor authentication (2FA) for extra security.
- Avoid phishing scams by only using the official Cash App website and mobile app for logins.
- Contact Cash App customer support if you notice any unusual activity.
Conclusion
The Cash App data breach emphasized the need for stronger digital security. While affected users had the opportunity to receive compensation, those who missed the deadline still have legal avenues to explore. Staying vigilant about online security is crucial to protecting your financial information from future threats.
FAQs
Q1: When did the Cash App data breach happen?
A1: The breach occurred in December 2021, affecting the personal information of 8.2 million users. Claims needed to be submitted by November 18, 2024.
Q2: What was the maximum compensation available?
A2: Eligible users could receive up to $2,500, depending on their financial losses.
Q3: What should I do if I missed the claim deadline?
A3: If you missed the deadline, you can seek legal help from Kantrowitz, Goldhammer & Grafman Law Firm.
Q4: How can I protect my Cash App account from future breaches?
A4: Enable two-factor authentication (2FA), regularly monitor transactions, and avoid phishing attempts by only logging in through official Cash App channels.
