SBA Release of PPP Data May Lead to Uptick in Attacks

2020-07-09T17:40:05+00:00

On Monday, the U.S. Small Business Administration (SBA) released loan data for more than 660,000 large Paycheck Protection Program (PPP) loans made to businesses over the past few months.  You may have seen some scandalous local and national news articles regarding recipients, but the data released contains some much more concerning information that all financial institutions (FIs) and their business customers must now take into consideration to protect against general fraud, targeted phishing, other types of social engineering, and corporate account takeover (CATO.) The data set released by the SBA is divided into several parts; individual state records with anonymous [...]