SBA Exposed Personal Information for Thousands of Businesses
Businesses have applied for disaster loans in large numbers. They are eligible for $10,000 advances on the loans as part of the COVID-19 relief package. If you have applied for a Economic Injury Disaster Loan from the Small Business Administration (SBA), your personal data may have been exposed to other applicants.
The SBA has notified 7,913 business owners of the potential data exposure which includes names, Social Security numbers, tax identification numbers, addresses, dates of birth, emails, phone numbers, marital and citizenship status, household size, income, disclosure inquiry and financial and insurance information.
An official told CNBC that, in order to access other business owners’ information, small business applicants must have been in the loan application portal. Those who have been affected, were offered one year of free credit monitoring from the SBA.
The EIDL program is run by the SBA directly. This is separate from the Paycheck Protection Program which ran out of money within two weeks. The Senate has now approved a new relief package worth roughly $484 billion. The bulk of the package will go towards funding the now depleted loan program.
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