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.
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