Exploit: Unauthorized database access
Small Business Administration: Government agency overseeing small business affairs
Risk to Small Business: 2.177 = Severe
A cybersecurity vulnerability in the portal processing small business owners applying for an emergency loan under the Economic Injury Disaster Loan Program experienced a data breach. The breach, which was detected on March 25th, impacts a vital program for small businesses, and it could harm small business owners who are already grappling with an especially challenging time. Additionally, this oversight has caught the attention of news media, legislatures, and small business owners, weakening its credibility at a critical time.
Individual Risk: 2.230 = Severe
The breach exposed applicants’ names, addresses, email addresses, dates of birth, citizen status, and insurance information. This data can quickly circulate on the Dark Web, and bad actors will frequently reuse the information in phishing scams and other fraud attempts. The Small Business Administration is offering victims a year of free identity monitoring services, and victims should enroll in this program to receive a notification if their information is misused.
Customers Impacted: 8,000
How it Could Affect Your Customers’ Business: Now, more than ever, the consequences of a data breach are traumatic for victims. Organizations collecting and storing personal data can support their users during the COVID-19 pandemic by taking extra care to ensure that personal data remains private. It’s a priority that always matters, but that is especially amplified during the pandemic.