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[BUSINESS] · United States · 6 sources

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Part of situation: Block Inc. legal and financial developments (2 clusters)

Cash App to distribute $15M settlement following data breach

Cash App data breach settlement Block Inc. class-action lawsuit consumer privacy

Eligible Cash App users may soon receive payments of up to $2,500 as part of a $15 million settlement following a data breach. The settlement involves Cash App and its parent company, Block Inc., though neither party has admitted to any legal violations.

The class-action lawsuit, filed in 2022, alleged that a 2021 breach resulted in the “unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.”

Payments are expected to be distributed this month to users who filed valid claims before the November 18, 2024, deadline. Impacted individuals can seek reimbursement for out-of-pocket losses and lost time, with time compensation capped at three hours at $25 per hour. The $15 million total covers valid user claims as well as legal fees and administrative costs.

Entities

Block Inc. · Cash App

Sources

Cash App users could soon begin receiving up to $2,500 pay out for $15M data breach settlement [nypost.com]
Cash App Users Could Get Up to $2,500 This Month—Here’s Who Qualifies [www.complex.com]
How you can claim up to $2,500 from Cash App $15,000,000 data breach settlement [www.unilad.com]
Cash App Data Breach Settlement: Users May Claim Up to $2,500 [internewscast.com]
Cash App Breach: Who Actually Gets Paid? | Capital Hill News [capitalhillnews.com]
Cash App users could soon begin receiving up to $2,500 pay out for $15M data breach settlement [offthepress.com]