Some fraudsters using ppp program to steal info
Some fraudsters using ppp program to steal info"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
"Information collected about a business principal can easily be recycled into a fraudulent loan application or other forms of financial fraud,” says John Buzzard, a fraud and security
analyst with digital-finance research firm Javelin. BE CAREFUL WHERE YOU CLICK Another giveaway is a link or attachment in an unsolicited email or text message. Clicking it supposedly takes
you to important PPP information or forms you need to fill out. But as the FTC warns, the real purpose is to get you to disclose private information, or to infect your device with malware.
One such phishing message that made the rounds in April, shortly after the PPP launched, featured the SBA logo and instructions to download “documents we need you to sign for the Paycheck
Protection Program” and return them, with sensitive business information, to a supposed government portal. As Billings, Montana-based regional bank First Interstate noted in an online
warning about the scam, lenders handle PPP paperwork, not the SBA. "We're still seeing the same types of scams that showed up earlier this year, and anticipate these scams will
continue, both in our service area and beyond,” says Marcy Mutch, chief financial officer at First Interstate, which operates in six states across the Northwest. Mutch says the bank has also
heard of scammers contacting businesses in the guise of SBA or lending institutions to “verify loan information,” distribute fake PPP applications or collect a nonexistent application fee.
The scam threat might not evaporate when the program expires next month, says Buzzard, the Javelin analyst. “This would be the perfect time for criminals to randomize versions of PPP scams
as follow-up,” he says. For example, scammers might send out new rounds of emails or robocalls claiming that additional money had been allocated for PPP, that the deadline had been extended
again, or that unclaimed funds were being released to applicants who got turned down.
Trending News
Emmerdale original robert sugden actor karl davies now after turning down returnAfter a six-year absence, it's been rumoured that Emmerdale's Robert Sugden is set to make a comeback to the p...
See how france’s electricity prices compare with others in europeFRANCE’S PRICE CAP HAS MEANT RATES HAVE STAYED LOW - ALTHOUGH NOT THE LOWEST Electricity prices are expected to rise in ...
Imss to invest 13 billion pesos to build 111 new hospitalsThe Mexican Social Security Institute (IMSS) will invest 13 billion pesos (US $677.2 million) to build 111 new hospitals...
25 years for crazed thug who battered organist to deathSerial offender Jonathan Bowling, 22, had been out of prison for just eight weeks when he smashed a pick-axe handle int...
Over a dozen french departments on second-highest alert for stormsIT COMES AFTER HAIL, HEAVY RAIN AND HIGH WINDS LASHED FRANCE ON SUNDAY After Sunday (June 18) saw HEAVY RAIN, WIND AND S...
Latests News
Some fraudsters using ppp program to steal info"Information collected about a business principal can easily be recycled into a fraudulent loan application or othe...
Va augusta helene response update 3 p. M. , sunday, sep. 29, 2024 | va augusta health care | veterans affairsPRESS RELEASE September 30, 2024 Augusta , GA — VA Augusta Helene Response Update - 3 p.m., Sunday, Sep. 29, 2024 * VA A...
Spi-m-o: statement on joint biosecurity centre alert level change criteria, 27 may 2020Research and analysis SPI-M-O: STATEMENT ON JOINT BIOSECURITY CENTRE ALERT LEVEL CHANGE CRITERIA, 27 MAY 2020 Statement ...
In briefs archives - star of mysoreNJ Hospital has organised a free Medical Camp on Saturday (May 31) from 9 am to 2 pm at NJ Hospital Unit-2 in Paduvaraha...
Wildlife experts oppose blind promotion of eco-tourismConservationists point out that many of the recommendations made in the report under the National Tiger Conservation Aut...