$15M Cash App data breach class action

Consumers whose information was compromised in 2022 and 2023 Cash App data breaches could benefit from a $15 million settlement.

The settlement benefits current and former Cash App customers whose account and personal information was obtained without consent or who experienced fraudulent withdrawals or transfers between Aug. 23, 2018, and Aug. 20, 2024.

According to the class action lawsuit, Cash App failed to protect consumers from two data breaches in 2022 and 2023. The 2022 breach reportedly involved an employee’s unauthorized access to Cash App Investing accounts, whereas the 2023 breach involved a third party’s unauthorized access using recycled phone numbers.

Cash App is a financial services platform that allows users to transfer money, pay vendors and invest.

Cash App hasn’t admitted any wrongdoing but agreed to pay $15 million to resolve the data breach class action lawsuit.

Under the terms of the settlement, class members can receive up to $2,500 for documented losses related to the data breaches, including credit costs, bank fees, travel expenses and up to three hours of lost time compensated at a rate of $25 per hour.

Class members who experienced fraudulent transactions as a result of the data breaches can receive additional compensation for these losses if they provide sufficient documentation.

The deadline for exclusion and objection is Nov. 1, 2024.

The final approval hearing for the settlement is scheduled for Dec. 16, 2024.

To receive Cash App settlement benefits, class members must submit a valid claim form by Nov. 18, 2024.

Claim Form Deadline

11/18/2024

Salinas, et al. v. Block Inc., et al., Case No. 3:22-cv-04823-AMO, in the U.S. District Court for the Northern District of California

Final Hearing

12/16/2024