Last hours to apply for CashApp Direct Payment

If you have been an active participant in the economy since 2018, you have not been living under a rock, but keep cash just over the years, you’ve probably used Cashapp as a form of payment and money transfer. Because regular data leaks were proven in court, the company agreed to a $15 million settlement. Good news? You still have a week to join the claim and get compensation for the personal data leak.

In 2022, Block Inc. (the company that owns Cash App and Cash App Investing) was accused of improperly protecting user data. This happened after a former employee accessed account information without permission. Block later told the US Securities and Exchange Commission that it had contacted approximately 8.2 million current and former users to inform them of the incident.

Personal data of Cashapp users has been stolen more than once

The first data breach occurred in December 2021, caused by a former Cash App employee. After leaving the company, they downloaded customer reports without permission. These reports contained sensitive personal information from 8.2 million users. Given that Cash App had 57 million users in 2024, this breach affected approximately 14% of customers.

The story did not end there. Not long after the first breach, another security issue arose. This time, unauthorized persons penetrated user accounts and carried out fraudulent transactions. These two incidents led to a class action lawsuit. After months of legal wrangling, Cash App agreed to pay $15 million in compensation to affected customers.

While Cash App and its parent company Block (formerly known as Square), say they did nothing wrong, but the deal underscores just how serious cybersecurity problems have become. Personal data protection is a major concern for millions of people right now, and this incident shows that even well-known and trusted platforms can be at risk of being hacked.

Can I join a lawsuit against Cashapp?

If you used Cash App or Cash App Investing and had unauthorized account access, fraudulent transactions or your personal information was compromised between August 23, 2018 and August 20, 2024you may be eligible to make a claim. Depending on exposure, you can get up to 2500 USD in compensation

Block and Cash App Investing were also accused of not doing enough to protect user accounts after security problems and of not properly handling customer complaints about unauthorized or fraudulent transactions.

Although they denied doing anything wrong, they agreed to pay 15 million dollars as part of a settlement earlier this year.

The settlement website states that you may qualify if:

• You are or have been a user of Cash App and/or Cash App Investing.
• Logged into your account without your consent.
• There have been unauthorized or fraudulent withdrawals or transfers from your account August 23, 2018and August 20, 2024.

There is a deadline to file your claim for a share of the settlement — or opt out November 18, 2024 at 10:59 PM PTreports the site of the settlement.

Payback for wasted time

You can also apply for compensation for lost time by $25 per hour for three hours (in 75 USD), as well as for any transaction losses caused by “unauthorized activity in the account”. To claim damages from a transaction, you must provide at least one of these documents: a report of unauthorized activity, a police report of the incident, or a document that shows that your account was accessed without your permission.

The website does not yet say when the payments will be sent. The final meeting to approve the agreement was about to take place December 16, 2024but now it has been returned to January 13, 2025and it still has to be approved by the court. Take advantage of this rescheduled appointment and join the claim now.