Finance

Cash App Data Breach: Last Chance to Claim Up to $2,575! Act Now!

2024-10-28

Author: Ling

What Happened? The Cash App Data Breach Explained

Cash App, a widely used financial service owned by Block (previously known as Square), fell victim to a data breach back in 2022 that impacted approximately 8.2 million users. The breach was traced back to a former employee who, after leaving the company, still had unauthorized access to sensitive customer information.

Reports indicate that the exposed data could include users’ full names, brokerage account numbers, portfolio values, and even details about stock trading activities for a specific trading day. This breach puts millions of users at risk, leading to potential identity theft or fraudulent activity.

Compensation: What You Need to Know

In response to the outcry and subsequent class action lawsuit, Block has agreed to offer compensation to those affected. While the company does not admit liability, it recognizes the burden this breach imposed on its users.

Victims could see reimbursement for expenses directly related to the breach, up to $2,500 for out-of-pocket costs, and an additional $25 for every hour—capped at three hours—spent dealing with the repercussions. If you've incurred a financial loss and haven't been compensated, this is your opportunity to file a claim.

Don’t Miss the Deadline!

The window for claims is swiftly closing! To be eligible, ensure you submit your claim by **2 AM ET on November 19**. Once your claim is submitted, you’ll have to wait until **December 19** to find out if a judge has approved the settlement plan. If not approved, the wait for your compensation might extend further, but there’s a possibility of higher payouts down the line.

Why Act Now?

Ignoring this chance could mean losing out on financial reimbursement amid a situation that has likely caused significant inconvenience and stress. Protect your interests and ensure you are not left paying the price for someone else's negligence.

Don’t let time slip away—take action today! Visit the settlement website to file your claim and safeguard your rights as a Cash App user.