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

Abrigo

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Is there a difference? C&I Loans.

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.

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

CB Insights

Company: AOptix Technologies. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. via TechCrunch.

Capital 78