Bank of America has disclosed that it briefly exposed certain business clients' Paycheck Protection Program (PPP) applications to outside parties after uploading the documents onto a test platform.

The incident bears similarities to the recent news of at least states mistakenly exposing application information related to the Pandemic Unemployment Assistance (PUA) program.

Both the PPP and PUA programs were established by the 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act to help provide financial security to certain businesses or workers during the Covid-19 pandemic. Experts said the PUA breaches were in large part the result of overburdened governments swiftly propping up web services to process a large influx of applications -- and it's possible the Bank of America data leak was caused by similar issues.

Please register to continue.

Already registered? Log in.

Once you register, you'll receive:

  • News analysis

    The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.

  • Archives

    Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.

  • Daily Newswire

    SC Media’s essential morning briefing for cybersecurity professionals.

  • Learning Express

    One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.