Cash App to award $15M to users in security breach settlement


Cash App users could get some cash sent to their bank accounts soon. In a settlement, the mobile payment service was ordered to pay out $15 million in damages.

According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued Cash App Investing and Block Inc. for the companies’ “failure to exercise reasonable care in securing and safeguarding consumer information.” The lawsuit said that the December 2021 data breach resulted, “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing customers.” Expand article logo

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Source: MSN News


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