Writings by Fernando M. Pinguelo

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NY DFS Publishes Cybersecurity FAQs

As Compliance Deadline Approaches, NY DFS Publishes Cybersecurity FAQs The New York Department of Financial Services’ (DFS) cybersecurity regulations took effect on March 1, 2017, and the first compliance deadline is fast approaching. To help with compliance, DFS recently published answers to several frequently asked questions (FAQs). These cybersecurity FAQs should be considered a “must […]

Author: Fernando M. Pinguelo

August 8, 2017

Economic Damage from Global Cyberattack Would Rival Superstorm Sandy

Report Warns That Fallout From Large Global Cyberattack Could Be As Costly As A Major Natural Disaster A recent report warns that the fallout from a large worldwide cyberattack could be as costly as a major natural disaster, topping more than $53 billion. As a comparison, Lloyd’s of London cites Superstorm Sandy, which devastated New […]

Author: Fernando M. Pinguelo

August 3, 2017

Cyberattack

Five Key Cybersecurity Lessons from the Wannacry Ransomware Attack

What Cybersecurity Lessons Can we Learn from the Wannacry Ransomware Attack? The Wannacry ransomware attack that crippled computers operating Windows around the world was unique. Companies using Microsoft Windows were instructed to update their computers, and security experts had even warned the cyber attack was coming. Accordingly, companies that fell victim to the ransomware could […]

Author: Fernando M. Pinguelo

June 6, 2017

Gov Christie Appoints First-Ever New Jersey Chief Tech Officer

Christie elects David Weinstein as the first New Jersey Chief Tech Officer Governor Chris Christie recently created the position of Chief Technology Officer (CTO) as a cabinet-level position. David Weinstein, the state’s current cyber security director, will serve as the first-ever New Jersey Chief Tech Officer. “New Jersey’s public employees rely on information technology (IT) […]

Author: Fernando M. Pinguelo

July 6, 2016

Cybersecurity Information Sharing Act Business Guidance

The Department of Justice and the Department of Homeland Security recently issued guidance that clarifies how the Cybersecurity Information Sharing Act (CISA) will impact the business community. The agencies specifically addressed the procedures for voluntarily sharing “cyber threat indicators,” as well as the application of the law’s immunities provision. Basic Provisions of the Cybersecurity Information […]

Author: Fernando M. Pinguelo

July 6, 2016

How to Secure the New Frontiers of Cybersecurity

The FTC continues its push into the new frontiers of cybersecurity with its fourth “Start with Security” event. Coming shortly on the heels of its partnership with the FCC to investigate the security parameters of mobile devices, the event demonstrates new frontiers of cybersecurity issues in the modern economy. Broken into four panels, the event seeks […]

Author: Fernando M. Pinguelo

June 3, 2016

Can the Defend Trade Secrets Act Protect Your Business?

Will the Defend Trade Secrets Act Protect Your Business? Earlier this week, the President signed into law the Defend Trade Secret Acts (DTSA). The federal legislation is good news for Monmouth County businesses because it will give them one more tool to combat intellectual property theft. According to the Director of the U.S. Patent and […]

Author: Fernando M. Pinguelo

May 15, 2016

The Beginning of Mobile Cyber Security Regulation?

The Beginning of Mobile Cyber Security Regulation? For the first time, the FTC and FCC have joined forces to visit the domain of mobile device security. Although traditionally occupied by cyber security technicians and their superiors, it doesn’t look like the FTC/FCC will be leaving anytime soon in their campaign to launch mobile cyber security regulation. On Monday, the […]

Author: Fernando M. Pinguelo

May 13, 2016

Cyber Threats on Small Businesses Come from All Angles

Cyber Threats on Small Businesses Come from All Angles The Federal Bureau of Investigation (FBI) recently issued several “cyber alerts” that may impact small businesses in Monmouth County and throughout New Jersey. As with all potential threats to data security and privacy, it is essential that businesses stay up to date on emerging risks and […]

Author: Fernando M. Pinguelo

May 11, 2016

Scarinci Hollenbeck

Cybersecurity: 5 Ways Businesses Can Protect Data

The Internet has become the lifeline of business. It is as crucial for communications and R&D functions as it is for tracking transactions and data management. This is particularly true now that more and more devices are able to access a company’s network, which has pushed Cybersecurity to the forefront of priorities for a business. […]

Author: Fernando M. Pinguelo

May 5, 2016

Financing your business in Red Bank

Are you interested in starting a business in Red Bank? It is no secret that Red Bank has become one of the hottest commercial real estate sectors in the tri-state area. In one of the firm’s recent press releases, Kenneth Hollenbeck, our firm Managing Partner, explained that Red Bank, and Monmouth County in general, is […]

Author: Fernando M. Pinguelo

April 18, 2016

CFPB Makes Example of Dwolla Inc. in Monmouth County

CFPB Makes Example of Dwolla Inc. in Monmouth County Monmouth County businesses have another “cybercop” to worry about. The Consumer Financial Protection Bureau (CFPB) recently pursued its first cybersecurity enforcement action, alleging that Dwolla, Inc., an online payment platform, misled consumers about its data security practices. The CFPB’s Allegations Dwolla operates an online payment system […]

Author: Fernando M. Pinguelo

April 8, 2016

Monmouth County

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