CashApp Users to Receive Payment in $15 Million Class Action Settlement

Settlement Details

CashApp, a popular mobile banking app, is paying out $15 million as part of a class action settlement for failing to protect its users from data security breaches. The settlement offers eligible users the opportunity to claim compensation of up to $2,500 each.

Eligibility

To be eligible for the settlement, you must be a current or former customer of CashApp or CashApp Investing. The settlement covers claims related to data breaches that occurred between 2013 and 2022.

Users who have been affected by the data breaches may have experienced unauthorized access to their financial information, personal data, or both. The settlement compensates users for the harm caused by these breaches.

How to Claim Compensation

To claim compensation, eligible users must submit a claim form by the deadline of March 31, 2023. The claim form can be found on the settlement website: [Insert Settlement Website URL]

Users will need to provide information such as their name, address, and CashApp account information. They will also need to provide evidence of their eligibility, such as a screenshot of their CashApp transaction history.

Importance of the Settlement

This settlement is an important reminder of the importance of protecting user data. CashApp failed to adequately protect its users from data breaches, which resulted in harm to its customers. The settlement compensates users for the harm they suffered and holds CashApp accountable for its negligence.