River Financial Reports Data Breach, Faces Class Action Lawsuits

River Financial Corp. reported that an unauthorized threat actor accessed portions of its network and removed certain data. The company is currently investigating the nature and scope of the information involved, including whether any personally identifiable information was affected. To date, River is not aware of any fraud reports directly resulting from this incident. Following public disclosure, two class action lawsuits were filed against River, which the company is evaluating, and the full impact on its business or financial condition has not yet been determined.