Does Cash App Owe You $2,500? Inside the Company’s $15M Data Breach Settlement

August 8, 2024 4

Source: General / Radio One

Around the world, people use Cash App daily for money transfers and transactions both small and large. And while most send and receive money without issue, an incident that took place two years ago put the private data of millions at risk, according to a class action lawsuit.

The lawsuit alleges that Block Inc. (which owns Cash App) and Cash App Investing were “negligent and breached other obligations to users” in 2022 when a former employee accessed account data without permission. That same year, Block told the U.S. Securities and Exchange Commission that it was notifying roughly 8.2 million current and former users about the breach.

But wait.. there’s more.

In that same lawsuit, it is alleged that just one year later “an unauthorized user” gained access to some Cash App accounts while using recycled phone numbers linked to those accounts. Plaintiffs cite this as an act of negligence and accused Block and Cash App Investing of failing to implement steps to protect its users and “adequately resolve customer complaints regarding unauthorized or fraudulent transactions.”

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On their end, Block and Cash App Investing have denied any liability or wrongdoing but have agreed to the $15 million settlement.

According to the settlement website, a person may be eligible if:

You have been or were a user of Cash App and/or Cash App Investing.
Your account was accessed without your permission.
There were unauthorized or fraudulent withdrawals or transfers with your account between August 23, 2018, and August 20, 2024.

Case Reference:Salinas, et al. v. Block, Inc. and Cash App Investing, LLC

Case No. 22-cv-04823

District Court for the Northern District of California

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