The SEC claims the company overstated how secure it was before a 2020 Russian cyberattack.
SolarWinds' headquarters in Austin, Texas in April 2021. Photo: Suzanne Cordeiro/AFP via Getty Images
The SEC is also charging Timothy Brown, SolarWinds' top security executive, with fraud — a decision that is sure to, SolarWinds and Brown allegedly presented misleading and false statements about the company's cybersecurity risks and practices from October 2018 to "at least" January 12, 2021. In its security statement, the SEC claims SolarWinds overstated the security of its password policies and software development process, as well as its policies for determining who has access to what internal data.when a cyber company then known as FireEye discovered that Russian state-backed hackers had broken into SolarWinds' IT systems and deployed malicious code into its software product updates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Sues SolarWinds Over 2020 Hack Attributed to RussiansRegulator says software company defrauded investors by misleading them about its cyber vulnerabilities
Read more »
SEC charges SolarWinds and company executive with fraud after cybersecurity breachBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Read more »
SEC: SolarWinds failed to disclose cybersecurity woes before historic breachSolarWinds suffered a historic breach that made waves in 2020, and now the Securities and Exchange Commission is taking action against the company and its CISO Tim Brown.
Read more »
SEC Commissioner Hester Peirce Dissents, Questions SEC's 'Enforcement-Driven Approach to Crypto'Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
Read more »
Trump gag order reimposed by judge in 2020 election interference caseA limited gag order on former President Donald Trump has been reimposed by the federal judge overseeing the 2020 election interference case.
Read more »
Federal judge reimposes limited gag order in Donald Trump's 2020 election interference caseThe federal judge overseeing Donald Trump’s 2020 election interference case in Washington has reimposed a narrow gag order barring him from making public comments targeting prosecutors, court staff and potential witnesses. U.S.
Read more »