Good news for the Cash app users who have been affected in the recent data breach happened in 2021. By Cash App class action settlement the company is set to give compensation of $15 million to the users who have been affected by the data encroachments between August 23 August 2018 to 20 August 2024. By fraudulent transactions millions of people were targeted in the data breach.
In the recent hearing on January 13, 2025 the company agreed to provide a settlement amount to the users. Now these impacted people are waiting for their payments. Here by the article we have shared more details about the cash app class action settlement 2025, Eligibility, Claim process and payment date details. Go through the full article to get the detailed information.
Cash App Class Action Settlement 2025
A $15 million compensation will be given to the people impacted in the Cash App data breach. The compensation or class action settlement amount will be given to the eligible people who have been faced out-of-pocket losses due to the unauthorized account access. The parent company Cash App, agreed to a separate $255 million payment settlement. A maximum $2,500 for out-of-pocket costs individuals can receive.
People will also get the remuneration for the lost time. For an hour the affected people will receive $25 per hour. The maximum of three hours one can get is $75. People claimed for the compensation till November 18, 2024. Now they are looking for the cash app class action settlement 2025 date. Possibly the payout will be delivered this year to all the eligible people who have been impacted by the Cash app data breach.
Cash App Class Action Settlement 2025 Overview Details
| Name Lawsuit | Cash App Class Action Settlement |
| Country of Origin | USA |
| Total Settlement Amount | $15 million |
| Maximum Amount | $2500 |
| Affected People | Around 8.2 million |
| Eligibility | Who have been affected by the data encroachments between August 23 August 2018 to 20 August 2024 |
| Official Site | cashappsecuritysettlement.com. |
Cash App Data Breach from 2021 to 2025
Around 8.2 million people were impacted when a former employee of a cash app accessed and downloaded sensitive customer reports after his termination. Users account numbers, portfolio values and holdings, and various other sensitive information were stolen in the data breach. In Legal class action settlement the parent company agreed for a $15 million settlement. The settlement amount will be dispensed among the affected users. People have submitted their claims till November 18, 2024. Users who have been affected will get the payout in the upcoming days if they have eligibility.
Who Qualifies for Cash App Settlement 2025
- Account Activity: People who had Cash App or an investment account in Cash App between August 23, 2018, and August 20, 2024.
- Unauthorized Access: if you faced any unauthorized access in between August 23, 2018, and August 20, 2024.
- Documentation: You must have to submit the documents proving the data breach happened with you in the time period.
Documents for Cash App Settlement Claim
If you are a victim of a Cash App data breach you can claim for the settlement payouts. To claim for the compensation you must have the following documents-
- For out of pocket loss you should have bank statements showing the unauthorized transactions.
- You must have reported to the Cash App authorities related to the issue.
- Also you should have Police reports, affidavits you have filed for the Data breach.
How to Claim for the Cash App Data Breach Settlement
You can claim for the data breach settlement by the official settlement website. The official website is cashappsecuritysettlement.com. There you can fill the claim form till 18 November 2024. Once you complete the form with the necessary documents proving for unauthorized transactions. At the end submit the form before the last date. Once you complete the claiming process the company will verify the details and also check the eligibility for compensation. If you are eligible then soon you will get the cash app class action settlement 2025 Payment.
When You Can Expect the Payment
Any official or confirmed date is not announced by the Cash app till now. But the payment will be released for the eligible users. Along with the out of pocket loss the users will also get the compensation amount for the lost time. The settlement payment is expected this year at any time. Probably the settlement amount will be disbursed till the end of this year. People must be ready and keep their eyes on their bank accounts to receive their payouts.
All We Know So Far
Cash App data breach happened in 2021 when a terminated employee stole the private data of the company without any authorization. The data had sensitive information of the users such as bank details, investment details etc. After that the company accepted the data breach and agreed to provide compensation to the users. People who were victims of the data breach from August 23, August 2018 to 20 August 2024 will get the compensation for out of pocket loss. Affected users claimed for the payment till 18 November 2024. In the final hearing on 13 January 2025 the company approved a $15 million fund as reimbursement amount. Soon users will get the Cash App Class Action Settlement payment will also be delivered. We suggest all to keep checking the official website also for the upcoming updates of it.
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