Government Accountability Office (GAO) officials told lawmakers at a House Small Business Committee hearing on March 6 that the Small Business Administration (SBA) still needs to implement key management improvements for COVID-19 relief programs to prevent further fraudulent activity. “Although SBA helped millions of small businesses with its pandemic relief programs, our concerns about [implementation […]

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Members of the House Small Business Committee heard expert testimony on Sept. 27 on a range of private sector solutions that the government could use to track down perpetrators of fraud against Small Business Administration (SBA) loan and relief programs during the coronavirus pandemic. […]

The Federal government awarded $162.9 billion in contracts to small businesses in Fiscal Year (FY) 2022, marking a record high and surpassing the Biden administration’s small business contracting goal, the Small Business Administration (SBA) said in a July 18 announcement. […]

Small Business Administration (SBA) Inspector General (OIG) Mike Ware told members of Congress on Thursday that the SBA Office of Inspector General (OIG) is “super confident” in its $200 billion estimate of potentially fraudulent COVID-19 pandemic assistance loan programs. […]

U.S. Attorney for the Northern District of Texas Leigha Simonton announced Federal charges on June 28 against 14 people who allegedly defrauded the Small Business Administration’s SBA COVID-relief Paycheck Protection Program (PPP) of $53 million. […]

The Small Business Administration (SBA) Office of Inspector General (OIG) issued a new report today estimating that of the $1.2 trillion SBA disbursed through its pandemic assistance loan programs, over $200 billion was potentially fraudulent. […]

The Small Business Administration (SBA) Office of the Inspector General (OIG) has ranked IT investments as one of the top eight “critically important” challenges for the agency in the OIG’s first half fiscal year (FY) 2023 Semiannual Report to Congress. […]

The Small Business Administration (SBA), and the General Services Administration (GSA) have launched a joint effort to help small disadvantaged businesses (SBD) gain access to more Federal contracts in GSA’s Multiple Award Schedule (MAS) Program. […]

President Biden on Dec. 27, 2022, signed into law the Small Business Cyber Training Act, which requires the Small Business Administration (SBA) to boost its ability to provide cyber planning training, and be more proactive in protecting data and requiring greater transparency of threats and breaches that occur. […]

While the Small Business Administration (SBA) implemented several layers of controls to prevent foreign entities from perpetrating fraud within the agency’s COVID-19 Economic Injury Disaster Loan (EIDL) application system, some individuals with foreign-based IP addresses were still able to access the system. […]

The U.S. Secret Service said August 26 that it has recovered and returned to the Small Business Administration (SBA) $286 million of funds that were stolen from the government through fraudulent filings made for SBA Economic Injury Disaster Loans (EIDL). […]

SBA

The Small Business Administration (SBA) appointed Steve Kucharski as acting chief information officer (CIO) last month, a knowledgeable source confirmed to MeriTalk. […]

The Small Business Administration (SBA) announced that the Biden-Harris administration awarded a record $154.2 billion in Federal contract dollars to small businesses in fiscal year 2021 – far exceeding the government’s small business contracting goal. […]

The Government Accountability Office (GAO) has added three new priority recommendations to its list for the Small Business Administration (SBA) including new items that aim to improve COVID-19 response oversight and communications in order to reduce related risks. […]

A new report from the Inspector General (IG) of the Small Business Administration (SBA) finds that the agency did not have clearly defined roles in its organizational structure to manage and handle potentially fraudulent Paycheck Protection Program (PPP) loans authorized by Congress in 2020. […]

A Small Business Administration (SBA) Office of Inspector General (OIG) report summarizing the results of its fiscal year (FY) 2021 Federal Information Security Modernization Act (FISMA) evaluation rates SBA’s overall program of information security as “not effective.” […]

GSA General Services Administration

The General Services Administration (GSA) announced today that it boosted its Fiscal Year (FY) 2022 goal for small disadvantaged business (SDB) contracting to 21 percent, more than a four-fold increase from the government-wide statutory goal of five percent in FY2021. […]

The Senate Small Business and Entrepreneurship Committee on Feb. 15 voted to approve the Small Business Administration (SBA) Cyber Awareness Act (H.R. 3462), which requires SBA to issue an annual report on its cybersecurity capabilities, and notify Congress in the event of a cybersecurity breach potentially compromising sensitive information. […]

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SBA

Luis Campudoni has been named Acting CIO at the Small Business Administration (SBA) following news that CIO Keith Bluestein will be absent from his position for an indefinite period. […]

SBA

Facing over $4.6 billion in potentially fraudulent Paycheck Protection Program (PPP) loans and continuing challenges with IT investments, the Small Business Administration (SBA) has yet to meet its goal to revise the agency’s Certify system by the end of 2021, according to SBA Inspector General Hannibal “Mike” Ware. […]

As high-profile ransomware and other cyberattacks have spiked over the past year, the Small Business Administration (SBA) is working to prevent and mitigate against them by leveraging capabilities from the Continuous Diagnostic and Mitigation (CDM) program, and working with organizations including the Cybersecurity and Infrastructure Security Agency (CISA) – which runs the CDM program – and the Federal Bureau of Investigation (FBI). […]

The Small Business Administration (SBA) Office of Inspector General (OIG) released its report on management and performance challenges for fiscal year (FY) 2022, which includes highlighting “significant” challenges in IT investment, system development, and security controls. […]

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