Strauss Borrelli PLLC, a leading data breach law firm, is investigating IOU Financial, Inc., formally known as IOU Central, Inc., regarding its recent data breach. The IOU Financial data breach involved sensitive personal information belonging to an undetermined number of individuals.
ABOUT IOU FINANCIAL, INC. F/K/A IOU CENTRAL, INC.:
IOU Financial is a business lending company based in Georgia, with headquarters in Montreal, Canada. Founded in 2006, IOU Financial works with a variety of businesses, including medical and dental practices, grocery and retail stores, salons, gas stations, auto repair shops, and restaurants.2 Today, IOU Financial offers loans and renewals up to $1.5 million to qualified U.S. applicants.2 Located in Kennesaw, Georgia, IOU Financial employs over 50 individuals.
WHAT HAPPENED?
On March 26, 2025, IOU Financial reported to the Attorney General of Texas that it had experienced a data breach in which the sensitive personal identifiable information in its systems may have been accessed by an unauthorized third party. As of March 26, 2025, details of the breach have not been made publicly available by IOU Financial. While not much is known about the breach, the type of information potentially exposed includes:
- Name
- Social Security number
- Driver’s license number
- Government issued ID number (e.g., passport, state ID card)
- Financial information (e.g., account number, credit or debit card number)
According to the Attorney General of Texas breach report, IOU Financial has begun providing notice to impacted individuals. A link to the breach report filed by the Attorney General of Texas is below.
If you received a breach notification letter from IOU Financial, Inc. f/k/a IOU Central, Inc.:
We would like to speak with you about your rights and potential legal remedies in response to this data breach. Please fill out the form, below, or contact us at 872.263.1100 or sam@straussborrelli.com.
