The Small Business Administration has had some stumbles in launching systems to disburse funds from the CARES Act and other relief programs. For example, one portal hosted at SBA couldn’t handle the traffic after the PPP loans were announced, but recovered after the agency rebuilt the platform as a cloud service. Since then, SBA has found some of the security capabilities of their cloud-based systems performing unexpectedly well: when they enabled measures to identity and prevent overseas parties to apply for relief loans, the alerts “went off like a Christmas tree,” the agency noted. In this system, machine-learning technology flags unusual activity in real time for SBA analysts to investigate and block.
Cybersecurity, Privacy, & AI
Trending Now
Agriculture Department Kicks Off $300M Palantir Deal on IT, National Security Work • Vercel Attack Fallout Expands to More Customers and Third-Party Systems • Seeing the Cyber in Economic Statecraft • Responding to a Data Breach: How to Preserve the Attorney-Client Privilege • NIST Cyber Center to Launch OT ‘Visibility’ Project
SBA Systems Fended Off Foreign Adversaries Applying for Coronavirus Loans
ungvar | Shutterstock
Stay compliant and protected with daily updates on cybersecurity, data privacy, and federal oversight with our Cyber & Privacy newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.