Cash App and Block, which is based in Oakland, were sued over their response to security breaches in recent years and allegations that they failed to implement sufficient security measures to prote…
FILE – Cash App logos are seen on a phone screen, Sept. 8, 2023, in New York. Current and former Cash App users could be eligible for a hefty piece of a proposed class-action settlement from the popular online payment service.
The class-action pointed to a 2021 incident, which the company disclosed in 2022, where a former employee downloaded reports of some U.S. users without permission. It also noted another breach disclosed in 2023, when an unauthorized user accessed some Cash App accounts using phone numbers that were linked to them.
Cash App and Block also agreed to take steps toward strengthening data security as part of the settlement. The company did not comment further when reached by The Associated Press Friday.. The current deadline to submit a claim is Nov. 18 — with the settlement’s final approval hearing slated for Dec. 16.
Settlement payments will vary for each person depending on eligible losses — and also how many people end up submitting a claim.
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