$15M Cash App data breach class action

Update:

• The final approval hearing for this settlement is rescheduled for Jan. 13, 2025

Consumers whose information was compromised in 2022 and 2023 Cash App data breaches could benefit from a $15 million settlement.

The settlement benefits current and former Cash App customers whose account and personal information was obtained without consent or who experienced fraudulent withdrawals or transfers between Aug. 23, 2018, and Aug. 20, 2024.

According to the class action lawsuit, Cash App failed to protect consumers from two data breaches in 2022 and 2023. The 2022 breach reportedly involved an employee’s unauthorized access to Cash App Investing accounts, whereas the 2023 breach involved a third party’s unauthorized access using recycled phone numbers.

Cash App is a financial services platform that allows users to transfer money, pay vendors and invest.

Cash App hasn’t admitted any wrongdoing but agreed to pay $15 million to resolve the data breach class action lawsuit.

Under the terms of the settlement, class members can receive up to $2,500 for documented losses related to the data breaches, including credit costs, bank fees, travel expenses and up to three hours of lost time compensated at a rate of $25 per hour.

Class members who experienced fraudulent transactions as a result of the data breaches can receive additional compensation for these losses if they provide sufficient documentation.

The deadline for exclusion and objection is Nov. 1, 2024.

The final approval hearing for the settlement is scheduled for Jan. 13, 2025.

To receive Cash App settlement benefits, class members must submit a valid claim form by Nov. 18, 2024.

Who’s Eligible

Current and former Cash App customers whose account and personal information was obtained without consent or who experienced fraudulent withdrawals or transfers between Aug. 23, 2018, and Aug. 20, 2024

Potential Award

$2,500

Proof of Purchase

Receipts, bills, invoices, account statements, credit reports, financial documents, police reports and other documentation of data breach-related losses.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

11/18/2024

Case Name

Salinas, et al. v. Block Inc., et al., Case No. 3:22-cv-04823-AMO, in the U.S. District Court for the Northern District of California

Final Hearing

1/13/2025

Settlement Website

CashAppSecuritySettlement.com

Claims Administrator

Cash App Security Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA19103
866-615-9740

Class Counsel

David A Goodwin
GUSTAFSON GLUEK PLLC

Nicholas A Migliaccio
Jason S Rathod
MIGLIACCIO & RATHOD LLP

Gary S Graifman
Melissa R Emert
KANTROWITZ GOLDHAMER & GRAIFMAN PC

Scott D Hirsch
SCOTT HIRSCH LAW GROUP

William B Federman
FEDERMAN & SHERWOOD

Defense Counsel

Aravind Swaminathan
Michelle Visser
ORRICK HERRINGTON & SUTCLIFFE LLP