Cash App Settlement: Up to $2500 for Users Impacted by Security Breaches

Introduction

Cash App, a popular mobile banking app, has agreed to pay $15 million as part of a class action settlement. The lawsuit alleged that Cash App failed to adequately protect its users from security breaches that exposed their personal information.

Breach Details

The lawsuit alleges that Cash App experienced two data breaches in 2019 and 2020. The first breach exposed the names, email addresses, and phone numbers of approximately 8.2 million users. The second breach affected approximately 7 million users and exposed their usernames, account balances, and transaction history.

Settlement Terms

The settlement offers eligible users the opportunity to claim compensation of up to $2500 each. To be eligible, users must have been a current or former customer of Cash App or Cash App Investing between December 2013 and September 2020.

Claim Process

Users can file a claim online or by mail. The deadline to file a claim is March 6, 2024. For more information on the settlement and how to file a claim, visit the website or call the claims administrator at 1-833-933-1991.

Implications for Users

The settlement is a reminder of the importance of protecting personal information online. Users should always take steps to protect their accounts, such as using strong passwords and enabling two-factor authentication. They should also be aware of the risks associated with using mobile banking apps and take steps to minimize their exposure to fraud and identity theft.