On March 26, 2025, IOU Central Inc., which does business as IOU Financial Inc. (“IOU Financial”), filed a notice of data breach with the Attorney General of Texas after discovering that an unauthorized party was able to access information in the company’s possession. In this notice, IOU Financial explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, driver’s license numbers, government-issued ID numbers, and financial information. Upon completing its investigation, IOU Financial began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.
If you received a data breach notification from IOU Central Inc. or IOU Financial it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the IOU Financial data breach. For more information, please see our recent piece on the topic here.
What Caused the IOU Financial Data Breach?
The IOU Financial data breach was only recently announced, and more information is expected in the near future. However, at this point, IOU Financial’s filing with the Attorney General of Texas is the only source of information on the breach, as the company doesn’t appear to have issued a press release or posted a website notice discussing the incident. For now, IOU Financial’s filing with the Texas Attorney General provides only limited information on what led up to the breach.
That said, we know that IOU Financial recently completed its investigation into a recent data security incident, ultimately confirming that confidential information belonging to certain consumers was subject to unauthorized access.
While it is possible that hackers specifically targeted IOU Financial, it’s also possible that IOU Financial is reporting a third-party data breach that occurred at one of the company’s vendors. If that were to be the case, IOU Financial’s IT system may not have been compromised at all, as the hacker would have accessed the compromised information through the vendor’s system.
Regardless, after learning that sensitive consumer data was accessible to an unauthorized party, IOU Financial reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, Social Security number, driver’s license number, government-issued ID number, and financial information.
On March 26, 2025, IOU Financial sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.
More Information About IOU Central Inc.
IOU Central Inc., operating as IOU Financial Inc., is a fintech company that provides small business loans through an advanced online lending platform. Headquartered in Montreal, Quebec, with its U.S. headquarters in Kennesaw, Georgia, the company serves small businesses across the United States by offering fast, flexible financing solutions tailored to meet working capital needs. The organization employs approximately 66 people and generates an estimated $12 million in annual revenue.
