Aug
Cash App Settlement: Claim Data Breach Compensation Now
The popular financial app Cash App has recently agreed to a settlement in a class-action lawsuit related to a data breach that occurred in December 2021. This breach exposed sensitive user information, including names, emails, and full transaction histories. If you were affected by this data breach, you may be eligible for compensation as part of the settlement.
What was the data breach?
The data breach occurred when a former employee of Cash App‘s parent company, Block, Inc., accessed and downloaded sensitive user information without authorization. This information included user names, email addresses, and transaction histories. The breach affected approximately 8.2 million users.
What is the settlement?
The settlement in the class-action lawsuit requires Cash App to pay up to $100 million to affected users. This amount will be divided among those who submit claims for compensation. The settlement also requires Cash App to implement additional security measures to prevent future data breaches.
How can I claim compensation?
If you were affected by the Cash App data breach, you can submit a claim for compensation. You will need to provide proof that you were affected, such as an email or notification from Cash App regarding the breach. You can submit your claim through the official settlement website or by mail.
What is the deadline to submit a claim?
The deadline to submit a claim for compensation is typically within a certain timeframe after the settlement is announced. It is important to check the official settlement website for the exact deadline, as it may vary.
How much compensation can I receive?
The amount of compensation you can receive will depend on the severity of the breach and the impact it had on your personal information. Generally, those who had more sensitive information exposed, such as transaction histories, may be eligible for higher compensation.
What other steps should I take?
If you were affected by the Cash App data breach, it is important to take additional steps to protect your personal information. This includes:
- Monitoring your accounts for any suspicious activity
- Changing your passwords and enabling two-factor authentication on all accounts
- Placing a fraud alert on your credit report
- Reviewing your credit report regularly for any unauthorized activity
It is also a good idea to stay informed about any future data breaches and take steps to protect your personal information online.
Conclusion
The Cash App settlement is an important step towards holding companies accountable for protecting user data. If you were affected by the data breach, it is important to submit a claim for compensation and take additional steps to protect your personal information.
