PRIMARY CONTACTS: Patrick B. Armknecht CPA, CITP (Technology Advisors)

Important Update on SBA 7(a) Loan Program Under CARES Act

On March 31, 2020, the U.S. Department of Treasury (“Treasury”) published additional information on the application process for the Paycheck

Part Five in a Series: Managing Risks of Technologies Emerging as Business Opportunities: Chatbots

What are chatbots? Chatbots are computer programs or artificial intelligence (AI) that conduct a conversation via audio or text. These programs are typically

I Want Mine - Social Security Simplified

I have this love/hate relationship with social media. In late April, when The 2019 Social Security and Medicare Trustees Reports were published, the key

Skilled Labor Shortage in the Manufacturing Industry

The Federal Reserve released its most recent Beige Book on June 5, 2019, which summarizes current economic conditions, including challenges, opportunities

Manufacturing's Workforce Crisis

According to the National Association of Manufacturers' latest Outlook Survey, 90% of manufacturers are optimistic about their company's future.

National Flood Insurance Program Extension

As I watched the pounding rain from my window for the third straight day, I could only imagine the damage this unpredictable spring weather was inflicting

Proposed Accounting Standard Update Would Delay Private Company Effective Dates for Leases, Current Expected Credit Losses (CECL) and Hedging Updates by One Year

On July 17, 2019, the Financial Accounting Standards Board (FASB) voted unanimously to move forward with delaying the effective start date for recent accounting

ACFE releases Anti-Fraud Technology Benchmarking Report

With the advancement of technology over the years, the avenues for fraud perpetration, protection and detection have multiplied. In an effort to gain a

Capital One Data Breach Exposes 100 Million Records to Seattle Hacker

Barely a week after the Equifax data breach was settled for nearly $650 million dollars, there appears to be news of an almost equally large mega-breach

#1 Mobile App Garners Concerns Over Data Privacy

If you haven't already downloaded FaceApp, you have probably either heard of it or witnessed your Facebook turn from an office party to a nursing home

Department of Labor Announces Rule to Strengthen Retirement Security for Millions Employed in Small and Mid-Sized Businesses

Citing a 2018 report by the U.S. Bureau of Labor Statistics that approximately 38 million private sector employees in the United States lack access to

Vulnerability Scanning versus Penetration Testing

When organizations look to assess the resiliency of their information systems, there tends to be some confusion around what exactly vulnerability scanning

Ransomware Still a Growing Problem for Organizations of All Sizes

While the concept of malware-based extortion has remained relatively unchanged since the first documented occurrence in 1989, attackers have spent the

The Physical Side of Cybersecurity

At Schneider Downs, we always strive to uphold our responsibility to serve as trusted cybersecurity advisors to our clients and to the community at large.

Six Cybersecurity Tips for the Holiday Shopping Season

Ho, ho, ho, hold on before clicking on that link advertising an amazing deal this holiday season. Phishing, that ever-present and ever-growing organizational

Russian Hackers Indicted in Pittsburgh

Two Russian nationals, Maksim Yakubets and Igor Turashev, were indicted in Pittsburgh on December 5th, for involvement in international multimillion-dollar

Ryuk Ransomware Facts and Protections

Ransomware is a type of malicious software that either prevents access to existing files or to the computer entirely until a ransom is paid. It is so widespread

Wawa's Data Breach

Reset the days without a major data breach back to zero. In the constantly evolving world of cybersecurity, it doesn’t look like the phrase above

SECURE Act: Modification of Required Minimum Distribution Rules for Designated Beneficiaries (Section 401)

Based on the new provisions of the SECURE Act, there are now much more restrictive rules surrounding a required minimum distribution (RMD) to designated

Given Everything We Can Do Online, Why Not Voting?

The Iowa caucus is here, meaning it’s officially become election season, so you may be thinking: if I can buy a car online, watch all my favorite

Judge Hands Down Longest Sentence to Date in College Admissions Scandal

On February 7, a federal judge in Boston issued the most severe verdict yet to a parent involved in Operation Varsity Blues, the college admissions scandal

The Coronavirus and Pandemic Planning

As cases have now been confirmed in the states of New York, Florida and Rhode Island, along with a second known death in Washington State, at least 74

Senate Passes the CARES Act – $2 Trillion Relief Package Moves to the House

In response to the Global pandemic caused by COVID-19, or more commonly called the Coronavirus, the United Sates has enacted the Coronavirus Aid, Relief,

Phase III SBA Overview

This article was updated on March 27, 2020. Updates to this article will be made as new information becomes available. Coronavirus Aid, Relief, and Economic