A breach at the Small Business Administration may have exposed personal information on almost 8,000 small businesses that applied to the agency’s Economic Injury Disaster Loan program (EIDL), recently expanded to include organizations affected by the COVID-19 pandemic.
The EIDL is a separate program from the Payroll Protection Program set up to offer small businesses relief as the coronavirus spread shuttered or compromised their operations and which ran out of funds quickly. Congress today reached a bipartisan deal to provide additional funding for the program.
“It’s clear that prioritizing services to save vulnerable small businesses in a pandemic is a priority, but this exposure begs more questions about application data handling risk,” said Mark Bower, senior vice president at comforte AG, who warned affected businesses “to be watchful for social engineering attacks which follow identity exposures leading to more sinister IT compromises and financial theft.”
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