ParkMobile Data Breach: $32.8 Million Settlement Announced
Company
ParkMobile
Why
Data breach
Total Settlement Amount
$32.8M
Maximum Individual Claimant Award
$25
Claim Deadline
March 5, 2025
A massive $32.8 million settlement has been announced for the ParkMobile LLC data breach that affected millions of users across the United States. The initial database breach exposed sensitive user information, including email addresses, phone numbers, and license plate numbers. This data breach has significant implications for users of the popular parking app.
The ParkMobile lawsuit resolution offers affected users various data breach compensation options, including cash payments and credit monitoring services. We will guide you through everything you need to know about claiming your share of this nationwide settlement and understanding your rights as an affected user.
Understanding the Settlement Details
The settlement details of the ParkMobile LLC data breach reveal a comprehensive compensation structure. The total settlement amount is $32.8 million, with specific allocations for different types of compensation.
Here's how the settlement funds are distributed:
$9 million allocated for cash payments to claiming members
$21 million set aside for in-app credits
$2.5 million dedicated to improving security measures
We've confirmed that eligible users can receive up to $25 in cash compensation. For those who don't file a claim, ParkMobile will automatically provide a $1 credit usable in their app for up to one year, known as the app credit option.
The March 2021 cybersecurity incident affected approximately 21 million users, exposing basic user information accessed such as license plate numbers, phone numbers, and email addresses compromised. It's important to note that no credit card information or social security numbers were compromised in this unauthorized access incident.
ParkMobile LLC has agreed to this settlement without admitting wrongdoing. The settlement includes provisions for documented out-of-pocket expenses related to the breach, such as credit monitoring services and identity theft protection. Users can also claim time compensation for hours spent addressing breach-related issues, like updating passwords or contacting banks.
The settlement requires court approval, with a final hearing scheduled for March 13, 2025. We encourage affected users to note that the claim deadline is March 5, 2025.
Steps to Claim Your Compensation
We've compiled a clear guide to help you claim your share of the ParkMobile data breach settlement. To receive compensation, you must submit a valid claim form by March 5, 2025. Here are the steps to file your claim:
Choose between online submission or mail-in form
Provide your notice ID and confirmation code (if received via email)
Complete all required information
Submit before the deadline
For mail-in claims, send your completed form to: ParkMobile Data Security Incident, Attn: Claim Forms, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.
Each eligible member can receive up to $25 in cash compensation. If you choose not to file a claim, you'll automatically receive a $1 credit for your ParkMobile app, valid for one year from the date of issuance.
Not sure about your eligibility? You can verify your status by entering your name and email address on the settlement website. For additional assistance, we recommend contacting the Settlement Administrator at 1-866-944-4062.
Remember, filing a claim form is the only way to receive cash compensation. The settlement administrator will process payments after the final approval hearing on March 13, 2025.
Conclusion
This ParkMobile LLC data breach settlement offers substantial compensation options for affected users. The claim process remains straightforward through the settlement website or mail-in forms. Users should act promptly, as the March 5, 2025 deadline approaches.
Remember, filing a claim represents your best opportunity to receive maximum compensation from this settlement. We encourage affected users to review their eligibility and submit their claims well before the deadline, ensuring they don't miss out on their rightful compensation in this nationwide settlement resulting from the class action lawsuit.