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You may be able to get up to $2,575 in compensation for a data breach if you had a Cash App account between August 2018 and August 2024, but only
Data leak on Cash App
Block, which was originally known as Square, is the owner of the Cash App. The business revealed a data breach that affected 8.2 million users back in 2022.
The business disclosed that even though a former employee had left months prior, they still had access to US consumer data. One of the most well-liked iOS apps is currency App, which competes with Apple’s own currency service. According to TechCrunch, Cash App is alerting around 8.2 million of its users to the security vulnerability. Full names and brokerage account numbers are among the details the former employee may have accessed. In certain cases, the worker also had access to “stock trading activity for one trading day, brokerage portfolio holdings, and brokerage portfolio value.” |
The business consents to provide compensation.
Block promised to reimburse victims for the expenses and time they spent coping with the situation, but he did not acknowledge liability in response to a class action lawsuit filed against the corporation.
According to Engadget, the time to submit your claim is drawing near.
| If you held a Cash App account between August 23, 2018, to August 20 of this year, you might be qualified to file a claim. The settlement will pay for up to three hours of lost time at $25 per hour and up to $2,500 in out-of-pocket expenses related to the breaches. People who have lost money and haven’t received their money back can also make a claim. You must submit your claim by 2 AM ET on November 19 if you intend to use the settlement website. You will have to wait until December 19 after filing your claim to find out if the judge approves the settlement. Otherwise, the news could be conflicting: |
