SEC fines four companies $7 million for ‘misleading cyber disclosures’ regarding SolarWinds hack
The Securities and Exchange Commission (SEC) announced on Tuesday that it charged and imposed penalties on four companies for making misleading disclosures linked to the 2019 SolarWinds data breach.
CRN7mon
Judge Throws Out Most Of SEC’s SolarWinds Sunburst Lawsuit
Judge Paul Engelmayer of the U.S. District Court for the Southern District of New York dismisses nearly all claims made by the SEC related to the late 2020 SolarWinds Orion cyberattack ...
SEC fines cybersecurity giants for downplaying effects of SolarWinds attack
Four top security companies have been charged for downplaying the impact the SolarWinds Orion compromise had on their systems ...
JD Supra11d
Client Alert: SEC Priorities Regarding Cybersecurity Enforcement: What Public Companies Need to Know Now in the Second Trump Administration
This dissent would tend to indicate the new SEC’s softening views on what it will consider to be material cybersecurity disclosures in the second Trump administration. In describing SolarWinds a ...
CRN1y
SEC: SolarWinds, CISO Tim Brown ‘Defrauded’ Investors Before Cyberattack
‘SolarWinds’ poor controls, Defendants’ false and misleading statements and omissions, and the other misconduct described in this Complaint, would have violated the federal securities laws ...
CRN1mon
SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack
In Friday's SEC filing, SolarWinds wrote it had previously disclosed two shareholder derivative actions that were filed, purportedly on behalf of the company, asserting break of duty and other claims ...