Https Tech Co News Cashapp 15 Million Data Breach Settlement Claim
Cash App Users May Receive Payouts of Up to $2,500
Settlement Reached in Data Breach Case
Block Inc., the parent company of Cash App, has agreed to a $15 million settlement following a data breach that affected the accounts of some users. As part of the settlement, eligible Cash App users may be entitled to payouts of up to $2,500.
Eligibility and Claim Process
To be eligible for a payout, Cash App users must have been affected by the data breach, which occurred in 2021. Users who were notified by Cash App of the breach or who experienced unauthorized access to their accounts during that time may be eligible to submit a claim.
The claim period is open until November 18, 2024. Users can submit their claims through a dedicated website or by contacting the settlement administrator.
Previous Data Breaches
This is not the first data breach that has affected Cash App users. In 2022, the company discovered that some customers' accounts had been accessed without authorization.
Conclusion
The $15 million settlement is a significant step in addressing the harm caused by the data breaches. Cash App users who have been affected by these incidents are encouraged to submit their claims before the deadline to ensure they receive their fair share of the settlement.
This case highlights the importance of data security and the need for companies to take proactive steps to protect their customers' information. As technology continues to advance, it is crucial for businesses to remain vigilant in safeguarding the privacy and security of their users.
Https Mashable Com Article Cash App Settlement How To Claim 2500 If Eligible
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