Indiana Cash App users can get up to $2,500 after a security breach settlement. Here’s how
Hoosier Cash App users could get a boost to their bank accounts after the mobile payment service was ordered to pay $15 million in damages in a lawsuit settlement following a security breach in the app.
According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued Cash App Investing and Block Inc. for the companies' "failure to exercise reasonable care in securing and safeguarding consumer information."
Here's what we know about it.
When did the security breach happen?
The lawsuit said that the December 2021 data breach resulted, “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.”
A former employee additionally gained access to Cash App users’ personal information during their employment and downloaded the data without the users’ knowledge, the lawsuit said.
How do I know if I got scammed on Cash App?
Cash App users should check to see if they had unauthorized or fraudulent withdrawals or transfers of funds from their Cash App account between Aug. 23, 2018 and Aug. 20, 2024.
How much will I get from the Cash App settlement?
Eligible users can submit a claim for up to $2,500, the Cash App website said.
Do I qualify to file a claim?
Cash App users who will be able to file a claim must have had an account on Aug. 23, 2018 and before Aug. 20, 2024. The users who will qualify have not already been reimbursed by Block Inc., Cash App Investing or a third party, the mobile payment service said.
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What types of claims can Cash App users file for?
According to Cash App, a user can submit a claim for the following:
Out-of-Pocket Losses: Users can submit a claim that shows their Cash App account was involved in the data breach. If a user is eligible for a reimbursement, after submitting the required documentation to the company they could receive up to $2,500.
Lost Time: Cash App users who submit a claim may be eligible for reimbursement for lost time. Users can submit a claim for up to three hours at a rate of $25 per hour for time spent regarding the unauthorized users and data breach.
Transaction Losses: If a user experienced a monetary loss and has not been reimbursed, they will be able to submit the Transaction Losses claim.
What if I have more than one Cash App account?
Users should only submit one claim form. However, If you have multiple Cash App accounts for which you would like to submit a claim, the mobile payment service recommends users to list each of their Cash App user tags and information about their claims on a single claim form, Cash App said.
How to claim Cash App settlement
To file a claim, Cash App users can submit a completed claim form by Nov. 18, 2024 for consideration.
You can submit the claim form at https://cashappsecuritysettlement.com/submit-claim.
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John Tufts covers trending news for IndyStar and Midwest Connect. Send him a news tip at [email protected]. Follow him on Twitter at JTuftsReports.
Ahjané Forbes is a reporter on the National Trending Team at USA TODAY. Ahjané covers breaking news, car recalls, crime, health, lottery and public policy stories. Email her at [email protected]. Follow her on Instagram, Threads and X (Twitter) @forbesfineest.
This article originally appeared on Indianapolis Star: Cash App settlement claims can be submitted now: Check if you qualify
