Although Cash App customers have past the time to submit a claim for reimbursement for the 2021 data and security breach, some users are still unsure about how to proceed. The mobile payment service was forced to pay $15 million in damages in a recent settlement, and users had until Nov. 18, 2024, to make a claim. 8.2 million Cash App Investing customers, both past and present, were impacted by the breach, the lawsuit claims. As per Cash App Class Action 2024 Payment Amount, up to $2,500 could be shared to Cash App users.
Cash App Class Action Payment Date
In its November 7, 2024, order, the Court postponed the final hearing until January 13, 2025, and extended other deadlines. The complete order can be seen here. The company will provide the Cash App Class Action Payment Date 2024 confirmation after the settlement is approved at the final hearing. Given the precedent set by other tech company settlements, you can anticipate receiving payment nine to twelve months following the final hearing.
Overview on Cash App Data Breach Settlement
| Defaulter | Cash App |
| Claim Deadline | November 18, 2024 |
| Final Approval Hearing | January 13, 2025 |
| Category | Finance News |
| Reimburse Amount | $2,500 |
| Claim Website | cashappsecuritysettlement.com |
What was the breach and when did it happened?
According to the lawsuit, 8.2 million present and past Cash App Investing users’ personally identifiable information was released to the public without authorization as a result of the December 2021 data breach. According to the lawsuit, a former employee also downloaded the data without the individuals’ knowledge after gaining access to their personal information while they were employed by Cash App.
A $15 million settlement related to claims of insufficient security measures was made available to Cash App users last month. In order to avoid the risks and costs of litigation, the firms accepted the deal even though they denied any wrongdoing.
Am i eligible to file a claim?
- You must have had an account on August 23, 2018, and before August 20, 2024.
- Cash app services and user privacy are used without the user’s permission.
- You neglected to resolve an issue with a Cash App account or any related bank account.
Amount under settlement
Along with up to USD 2,500 in out-of-pocket compensation, the settlement enables eligible people to submit a claim for up to three hours of lost time at a cost of USD 25 every hour. Claims can also be filed by victims of transaction losses, including unauthorized withdrawals, to recover the lost money. The amount of the Cash App settlement payment will depend on how many claims are filed; the settlement agreement has not yet been finalized.
If a claimant’s contact information changes after they submit it, they must update it to ensure they receive any reimbursements for which they are eligible. Payments to each claimant will be proportionately decreased if the overall number of legitimate claims filed surpasses the Net Settlement Amount. On the other hand, if money is left over after all claims have been paid, it will either be sent to the claimants or, depending on the amount, donated to a worthy charity.
Missed the claim, what to do now
The deadline for Cash App customers to submit a completed claim form for claim was November 18, 2024, so as per Cash App Data Breach Settlement 2024 Deadline, you cant do that now. However in the class action complaint, plaintiffs are being represented by Kantrowitz, Goldhamer & Graifman, 201-897-7293, kgglaw.com, you can contact them. For those who would rather submit their claims by mail, paper forms were also available, but the claim procedure was simplified to be available online.
You must attached the main documents for each claim category, such as police records, receipts, or letters attesting to the losses and the attempts to remedy them. This settlement offers impacted individuals a means to obtain closure and monetary compensation, and it represents a major step in addressing the purported security flaws at Cash App. The significance of strong security protocols and prompt customer service procedures in the digital finance sector is also emphasized.
Types of claims
- Out-of-Pocket Losses: Users who can show that their account was a part of the data breach may file a claim for this type of claim. A user may get up to $2,500 if they qualify for reimbursement and provide the company with the necessary paperwork.
- Lost Time: Users of the Cash App may be able to get compensation for lost time if they file a claim. For up to three hours, users may file a claim at a rate of $25 per hour for work related to data breaches and unauthorized users.
- Transaction Losses: It claim can be filed by a user who has suffered a financial loss and has not received reimbursement.
| Official Website | Click Here |
| Our Homepage | BSEBMatric.org |
Hello my name is Lindsay Harris and I’ve been trying to get my claim finished and I keep getting stuck and I emailed this site before and got a response back but the site that I was sent to it won’t let me file it sis there anyway that someone might be able to give me a call and help me