Business Email Compromise during COVID-19

The U.S. Attorney’s Office is warning small businesses that received loans through the Paycheck Protection Program (PPP) of a dramatic increase in reports of business email-compromise schemes related to the program. Scammers are using information about PPP recipients posted by the Small Business Administration (SBA) to impersonate PPP lenders requesting additional information about PPP loan applications or loan forgiveness.

What You Can Do:

  • Layered security approach.
  • There is no such thing as 100% prevention and authentication. Always assume a phish or scam.
  • Continuously detect, investigate and prioritize risk.
  • Use analytics, automation, and orchestration to detect and respond faster.

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