Dramatic Spike in Unemployment Fraud: What You Need to Know

We have seen a dramatic spike in unemployment fraud, PPP fraud and SBA loan fraud.

 

Some of you may have received or will be receiving unemployment benefits. Or, maybe you are an employer and have received notice that an employee of yours applied for unemployment benefits. The thieves simply apply for benefits or loans using your PII or confidential business information.

 

Your state’s Department of Jobs & Services is aware that many of these applications are fraudulent. Several states, such as Ohio, are in process of launching an online option for employers to report potential fraud on behalf of multiple current or former employees. For information about Ohio, please click HERE.

 

Be vigilant. Be strong. If you are concerned that you or an employee has been a victim of unemployment fraud, please reach out to Member Services. We are available for you 24/7/365 at 888.966.GUARD (4827).

Small Business Owners Targeted by Coronavirus Loan Scams

Small Business Owners Targeted by Coronavirus Loan Scams

We understand that this is a very confusing time when anxiety levels are extremely high. New programs are being launched and the details might not be completely understood at first. As of today, federal disaster loan assistance is now available for businesses, private nonprofits, homeowners, and renters negatively affected by the coronavirus pandemic.

 

If you are a small business owner, keep in mind that you may receive unsolicited calls, letters or emails. The U.S. Small Business Administration (SBA) is urging small business owners to keep an eye out for coronavirus-related loan scams as many of their members have received multiple loan scam emails and phone calls in the past few days. What do you do if you aren’t sure if an offer is legitimate or a scam? Understand that:

– No one should be charging an application fee to apply for the coronavirus disaster relief loan.

– You should not release any personal identifying information (PII), such as Social Security numbers, your date of birth, credit card information, or financial institution account data, in response to an unsolicited call, letter or email.

– The Better Business Bureau is available for more information on a company before you commit to anything.

– If ever in doubt, contact your state’s Attorney General’s office. You can search for that contact information HERE.

 

Be smart. Be vigilant. Be strong. Please don’t hesitate to reach out if you need help. We are available 24/7/365 for you and your family members at 888.966.GUARD (4827) and memberservices@guardwellid.com.

 

 

Visit https://disasterloan.sba.gov/ela/ for more information on federal disaster loans.