Compromised Small Business Administration Loan Portal | Robinson+Cole Data Privacy + Security Insider

Following the devastating impact of the coronavirus on small businesses, many small businesses have applied for a disaster loan from the Small Business Administration (SBA) for assistance.

Small businesses eligible for the Disaster Loan Program, which is different from the Paycheck Protection Program offered by the SBA, can apply for the loan by downloading the application, which contains their personal information, including security numbers. social, on the SBA portal www. sba.gov.

Unfortunately, the SBA reported last week that 7,913 small business owners who applied for a disaster loan through the portal had their personal information, including their Social Security numbers, compromised, while other applicants could view their applications on the website on March 25, 2020. In addition to the turmoil businesses have experienced since the shutdown, owners are now dealing with potential personal identity theft.

The SBA has notified all affected business owners and is offering them free credit monitoring for one year. The notification letter says the compromised information included names, social security numbers, dates of birth, financial information, email addresses and phone numbers.

If your business applied for a disaster relief loan and your personal information was compromised in the incident, you will receive a notification from the SBA, which recommends that you sign up for the free credit monitoring offered.

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