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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.

Lending 195
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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Read our future of data security report for more on this topic. ). It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security — especially as several have fallen victim to data breaches themselves. Table of contents.

Google 76
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. The Top 20 Reasons Startups Fail.

Capital 78