Cash App users could get some cash sent to their bank accounts soon.
In a settlement, the mobile payment service was ordered to pay out $15 million in damages.
According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued Cash App Investing and Block Inc. for the companies’ “failure to exercise reasonable care in securing and safeguarding consumer information.”
The lawsuit said that the December 2021 data breach resulted, “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.”
In addition, a former employee gained access to Cash App users’ personal information during their employment and downloaded the data without the users’ knowledge, the lawsuit said.
If users had unauthorized or fraudulent withdrawals or transfers of funds from their Cash App account between Aug. 23, 2018, and before Aug. 20, 2024, they are eligible to submit a claim for up to $2,500, the Cash App website said.
Here is what you need to know about the Cash App settlement.
Meta settlement:Meta to pay Texas $1.4 billion in ‘historic settlement’ over biometric data allegations
Do I qualify to file a claim?
Cash App users that will be able to file a claim must have had an account on Aug. 23, 2018 and before Aug. 20, 2024. The users that will qualify have not already been reimbursed by Block Inc., Cash App Investing or a third party, the mobile payment service said.
