Story excerpt provided by Georgia Tech Procurement Assistance Center

The General Services Administration (GSA) has announced that fraudulent activity has allegedly taken place within the System for Award Management (SAM).

SAM is the federal government’s vendor database.  It also contains links to several other contract-related functions.

Existing SAM registrants are being advised to validate their registration information, particularly their financial information.  If an entity’s financial information in SAM — particularly bank routing information — has been exposed, it is possible for contract payments to be diverted.

Until SAM’s data breach issue is settled, it is going to be particularly difficult for new vendors to register in SAM.

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