Through the cash app data breach settlement eligible individuals can get a maximum of $2500 per person as a settlement amount. Individuals must file a claim before the deadline. The claim filing deadline is 18 November 2024 and on 16 December the court final approval hearing about this settlement will be held.
Cash App Security Settlement
If you are a user of a cash app then you can take a part in this settlement because the cash app is currently facing a lawsuit due to the data breach allegation. In the Cash App Security Settlement eligible individuals can get a portion of the amount from $15 million.
The settlement provides a benefit amount only to those who are current or previous customers of Cash App and their account and private data was obtained without any permission or those who faced any type of fraudulent withdrawals or transactions between August 23, 2018, and August 20, 2024.
According to the term and condition class participants can get a maximum of $2,500 each for documented losses due to the data breaches, such as credit costs, bank fees, travel expenses and up to three hours of lost time reimbursed at an hourly rate of $25.
Who is eligible for Cash App Security Settlement?
To get the benefit amount it is crucial to meet the eligibility requirements. The eligibility criteria of Cash App Security Settlement is listed below.
- Interested individuals must be a current or former customer of Cash App or Cash App Investing, or any of its affiliates, or subsidiaries.
- The personal information of individuals was accessed or obtained without the authors permissions, or you had faced any unauthorized or fraudulent taking aways or transfers funds from your account to another account, or a shortage in the objection of an error in a Cash App account.
- The duration of data breach must be between August 23, 2018 to August 20, 2024.
How to file a claim form for Cash App Security Settlement?
It is very important to satisfy the eligibility requirement to file a claim for Cash App Security Settlement. By following the below listed step by step guide you can file an online claim easily.
- Navigate to the https://www.cashappsecuritysettlement.com/ website.
- Locate the submit claim option that is available on the top right corner of the web page and then hit it.
- If you received Notice ID and Confirmation Code via mail or email put that in the required session and hit the submit button otherwise hit the click here button that is appearing on the other side of screen.
- Enter all the required information such as name, address, city, state, zip code, email address, phone number, etc.
- Enter your list of $Cashtags in the Unique $Cashtag Identifier session.
- Select the claim filing type from the available option and then enter all the required details about it.
- Select the payment receiving method from the available option such as through venmo, zelle, mastercard and direct deposit.
- Accept all the terms and conditions and then put your sign and date in the required session.
- After entering or verifying all the entered details in your claim form, hit the submit button.
How much can you get from a Cash App Security Settlement?
The cash app agreed to pay $15 million to the plaintiffs in the cash app security settlement. Eligible settlement class participants who submit a claim form before the deadline can get the following benefits from this settlement.
- For Out-of-Pocket Losses: Individuals who submit a valid claim for up to for reimbursement of Out-of-Pocket Losses, and face an unauthorized access that became a cause of Data Security Incident that come in to effect between August 23, 2018 to August 20, 2024 can expect get $2500 per person.
- For Lost Time: If a settlement class participant submits a valid claim for compensation of Lost Time for a maximum of three hours then he will be eligible to get $25.00 per hour.
- Transaction Losses: If individuals submit a claim for payment for documented Transaction Losses that increase the unauthorized Account Event which performed from August 23, 2018 to August 20, 2024 for this type of settlement benefit the amount Is not clearly disclosed but it is expected that the rebate amount will depend on your loss and the documents provided by you.