# Cash App Data Breach: What You Should Know
If you utilized Cash App from August 2018 to August 2024, you might qualify for compensation due to a major data breach that impacted millions of users. The Cash App, operated by Block (previously known as Square), revealed this breach in 2022, indicating that the personal data of around 8.2 million users was compromised. This article will summarize the breach, detail the compensation process, and outline the necessary steps to submit a claim.
## Summary of the Cash App Data Breach
In April 2022, Block revealed that an ex-employee had retained access to confidential customer information post-employment. This incident raised severe alarms regarding data security and user privacy, as the accessed data included full names, brokerage account numbers, and, in some instances, specifics about brokerage portfolio values, holdings, and stock trading activities for a single day.
The breach impacted a considerable number of users, leading Cash App to inform those affected. As a prominent mobile payment platform, Cash App competes directly with alternatives like Apple Cash, making the consequences of this breach especially significant for its clientele.
## Compensation for Affected Individuals
In light of a class action lawsuit against Block, the company has agreed to provide compensation to those affected, although they did not concede liability. The settlement permits users to claim up to $2,500 for out-of-pocket expenses resulting from the breach, along with compensation for lost time at a rate of $25 per hour, capped at three hours. Users who encountered financial losses that have not yet been reimbursed are also qualified to submit claims.
### Key Dates to Keep in Mind
– **Claim Eligibility**: You may be eligible for compensation if you held a Cash App account from August 23, 2018, to August 20, 2024.
– **Claim Submission Deadline**: Claims must be submitted by **2 AM ET on November 19, 2024**.
– **Settlement Decision Date**: After submitting your claim, you will need to wait until **December 19, 2024**, to determine whether a judge has approved the settlement.
If the settlement is not accepted, it might cause a delay in payments, but there exists a chance that the compensation amount could be increased.
## How to Submit a Claim
To submit a claim, users should navigate to the official settlement website at [cashappsecuritysettlement.com](https://cashappsecuritysettlement.com/submit-claim). Providing accurate information and submitting your claim before the deadline is essential to ensure eligibility for compensation.
## Final Thoughts
The Cash App data breach highlights the significance of data security and the potential dangers linked with utilizing digital financial services. If you were affected by this breach, it is crucial to act swiftly to file your claim and pursue the compensation to which you might be entitled. Keep abreast of any updates regarding the settlement and take steps to secure your personal information going forward.
