National Association of Government Contractors

SAM Breached, Contractor Payments Diverted

The latest revelations about cybersecurity breaches hit right at the core of the government contracting community. At the end of March, the General Services Administration (GSA) issued a notice that the System for Award Management (SAM), in which all federal contractors must register, had been compromised and a number of contractors have been put at risk of having their government payments diverted by the hackers.
GSA subsequently announced it is supporting an Inspector General investigation into fraudulent activity in the SAM, but did not elaborate on the scope of potentially impacted entities or the amount of misdirected payments at issue. G
GSA has advised impacted entities to validate their SAM registration and confirm their financial information. Although GSA has indicated it has or will reach out to impacted entities, contractors would be well advised to confirm independently the accuracy of their current SAM registration, the agency plans to develop further plans to vet SAM information.
Federal Contractors are advised to review their registration to ensure it is accurate -- especially as to banking information and authorized Entity Administrators -- and to check to determine whether any expected payments from the government have been diverted. 

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