Cash App Users May Be Eligible for Settlement of Up to $2,500

Data Breaches Prompt Payouts for Affected Users

Background of the Settlement

Cash App, a popular mobile payment service, has agreed to pay out $15 million in a class action settlement following two data security breaches affecting users. The lawsuit alleged that Cash App failed to adequately protect user information, leading to losses for affected individuals.

Eligibility for Compensation

If you have used Cash App in the past six years and have experienced losses or out-of-pocket expenses due to the data breaches, you may be eligible to receive compensation. The settlement provides up to $2,500 per affected user for damages.

Steps to File a Claim

To file a claim, you will need to provide documentation of your losses or expenses related to the data breaches. This may include bank statements, receipts, or other supporting documents. The claim deadline is typically within a specific timeframe, so it is important to act promptly.

Additional Information Regarding the Settlement

Affected users will receive notice of the settlement and instructions on how to file a claim. The settlement amount is subject to court approval and may be reduced if there are a large number of eligible claimants. However, it is estimated that most claims will be paid in full or close to the maximum amount.

Conclusion

Cash App users who have been impacted by the data breaches may be eligible for compensation through the class action settlement. If you meet the eligibility criteria, it is recommended to file a claim as soon as possible to ensure you receive the benefits you are entitled to. By following the instructions provided in the settlement notification, you can recover some of the losses you may have incurred due to the security breaches.