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IOU Central Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the IOU Central Inc. data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About IOU Central Inc.
IOU Central Inc., commonly known as IOU Financial, is an online lender that provides working capital loans to small businesses. Founded in 2006, IOU Financial operates primarily out of Kennesaw, Georgia, with additional headquarters located in Montreal, Canada.
The company has been actively lending to small businesses since 2009, using advanced technology to streamline the lending process. IOU Financial offers loans ranging from $15,000 to $1.5 million, with repayment terms between 6 and 36 months.
What Happened?
IOU Central Inc. recently disclosed a data breach that potentially exposed the sensitive personal information of hundreds of individuals. The breach was officially reported to the Texas Attorney General's office on March 26, 2025, and to the Massachusetts Attorney General's office on March 28, 2025.
According to the company's disclosure, the data breach affected at least 791 individuals in Texas and 124 individuals in Massachusetts. IOU Central Inc. notified affected consumers via U.S. Mail, informing them of the incident and the potential exposure of their personal data.
Consumer information compromised:
- Social Security numbers
- Driver's license numbers
Given the sensitive nature of this information, affected individuals face an increased risk of identity theft and fraud.
Your Rights and Next Steps
If your personal information was compromised in the IOU Central Inc. data breach, you have important rights and options available to protect yourself:
First, you have the right to obtain any police report filed regarding this incident. If you become a victim of identity theft, you also have the right to file a police report and obtain a copy.
Second, you can place a security freeze on your credit reports. A security freeze prevents credit reporting agencies from releasing your credit information without your express authorization. To place a security freeze, you must contact each of the three major credit bureaus individually.
When requesting a security freeze, you will need to provide your full name, Social Security number, date of birth, proof of current address, and a photocopy of a government-issued ID. The credit bureaus will then provide you with a unique PIN or password that you can use to lift or remove the freeze in the future.
Third, you should carefully monitor your financial accounts and credit reports for any unauthorized activity.
Additionally, IOU Central Inc. is offering affected individuals complimentary credit monitoring services through Cyberscout, a TransUnion company, for 24 months.
You May Be Entitled to Compensation
If your personal information was compromised in the IOU Central Inc. data breach, you may be eligible for financial compensation. Experienced lawyers are ready to help you understand your rights and guide you through the process of joining a class action lawsuit.
To see if you qualify, complete the below form. Do not delay—take action today to protect your rights and hold IOU Central Inc. accountable for this breach.
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