If you’ve ever used Cash App, you could be eligible to claim a hefty payout from a $15 million class-action settlement. With the deadline to file approaching on November 18, 2024, now’s the time to act and secure your compensation for damages caused by the app’s data and security breaches.
What Happened?
Cash App, a widely used online payment platform boasting 56 million transacting users, came under fire after customers reported fraudulent withdrawals and transfers from their accounts. The breaches occurred between August 23, 2018, and August 20, 2024, prompting a class-action lawsuit against the app and its parent company, Block (formerly known as Square).
According to the lawsuit, Block failed to implement sufficient measures to protect users’ data and prevent unauthorized access to accounts. Plaintiffs also alleged the company mishandled customer complaints, leaving affected users to deal with losses and identity theft on their own.
While Block denied any wrongdoing, it opted to settle to avoid prolonged and costly litigation.
Who Can Claim?
If you had a Cash App account during the specified timeframe and experienced fraudulent transactions or unauthorized withdrawals, you may be entitled to compensation.
Eligible claims include:
- Reimbursement for monetary losses caused by unauthorized account access (up to $2,500).
- Compensation for expenses like identity theft prevention services, credit tracking, or fees.
- Lost time reimbursement of up to $65 for dealing with the fallout of security breaches.
To receive your payout, you’ll need to provide documentation supporting your claim, including evidence of losses or fraudulent activity.
How to File a Claim
Submitting a claim is easy, but you must act quickly. Visit the official settlement website and complete the online form before the November 18 deadline.
Why You Should Act Now
Don’t leave money on the table! This is your chance to be compensated for the inconvenience and stress caused by these security failures. With payouts potentially reaching $2,500 per user, the time spent filing your claim could be well worth it.
Act Before It’s Too Late
As the deadline nears, Cash App users are urged to take advantage of this opportunity. Whether you experienced direct losses or simply want to protect yourself against future risks, the settlement aims to make things right.
For more details and to start your claim, visit the settlement website today.
Also Read – Verizon Class Action Settlement 2024: What You Need to Know
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