How to protect your business from CARES Act-related fraud - Business Insider

Hackers are committing CARES Act-related fraud by gathering business information into cheap data packages available for purchase.

Be extra vigilant, hire someone focused on fraud protection, update work-from-home firewalls, and avoid phishing scams. "We've noticed a real surge in these types of offerings on the darknet and underground as a result of the SBA program," Minder told Business Insider. "Threat actors aren't stupid — they know that there's a volume problem [with the CARES loans], and in the volume problem there's an opportunity for fraud that will get lost in the mix.

Preber said that the federal loan program is "equivalent to firefighters dosing a fire with water, and if we're not paying attention to the fraud risks, this large amount of money created in this environment, this water's going to cause as much damage as the fire."Business owners are one potential victim of fraud in the PPP loan environment. Banks are also losing out in this process, as is the government.

"People are desperate, and this is just not on the government's radar screen right now, because the government is traditionally very slow to figure these things out — but it won't always be," Hartman said. "The government isn't going to be able to prosecute on everything, but they will eventually go after at least the high-dollar cases.

Hi, this video is proof of their ( Early_Salary ) fraud, please watch and share everywhere so that no one else can suffer the pain because of their torture. Video link: EarlySalary EarlySalaryIsFraud EarlySalaryIsFake WorstCompanyForLoan

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

McConnell's coronavirus business liability pledge sparks lobbying frenzyMitch McConnell has promised that the next coronavirus bill would protect business owners from lawsuits related to COVID-19. Did not expect McConnell's next project would be to dismantle tort law in America Competence protects business.
Source: latimes - 🏆 11. / 82 Read more »

Trump administration might circumvent Congress for economic relief: report - Business InsiderTrump supports shielding businesses from coronavirus-related lawsuits, saying it would be 'litigation heaven.' واو . Here comes the FED? Quick question, who’s going to pay the final bill? 👀 Another way to buy the election.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Blackburn: Deregulation helps US business coronavirus pandemic recovery - Business InsiderIn addition to direct support, the government should cut regulations that may stifle businesses from bouncing back after the coronavirus pandemic. MarshaBlackburn Marsha is as ethical as a Hyena who just ate her siblings. She's betrayed the TN voters by blocking election security, blocking women's health access, and blocking environmental protection. Cancer is a better advocate for Healthcare than Marsha Blackburn. MarshaBlackburn Here is the Pandemic being used as another excuse to remove regulations for the public from business. Regulations which are protections for the public against abusive business practices. MarshaBlackburn Cuz profits over people! Send those warriors out to die! Cuz stock market! GOP the party of hatred and greed is just a fvcking criminal enterprise
Source: BusinessInsider - 🏆 729. / 51 Read more »

How IBM is automating IT to help companies maintain business continuity during crises - Business InsiderIBM is rolling out a new suite of AI for IT tools and services that can help CIOs in all industries reduce costs and handle more complex networks.
Source: BusinessInsider - 🏆 729. / 51 Read more »