This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
11/15/2021
I Was A Victim Of Business Identity Theft—And It Could Happen To You
Forbes
As of August 2021, the Small Business Administration reported it had received 1.2 million complaints of loan identity theft for Economic Injury Disaster Loans. That means over a million business owners believe their business identities have been used to apply for Covid relief loans administered by the SBA.
I am one of those victims. Here’s what happened to me, along with steps I'm taking that you can also use to help protect your business.
Business identity theft: How I found out I was a victim
I learned about the fraudulent loan application because my personal Experian credit report lists an inquiry from “SBA ODA,” but I’ve never applied for a loan from the SBA.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information