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SolarWinds Hack Has Shaved 23% From Software Company's Stock This Week

"We depend on the U.S. federal government in certain calendar quarters for a meaningful portion of our on-premise license sales," SolarWinds said in its most recent annual report. "The delay or loss of these sales may harm our operating results." The meltdown began on Dec. 13 when Reuters reported that hackers potentially linked to Russia had gained access to email systems at the U.S. Commerce and Treasury departments, and that the attackers got in by way of SolarWinds software updates. The New...
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Investors in breached software firm SolarWinds traded $280 million in stock days before hack was revealed

Investors in breached software firm SolarWinds traded $280 million in stock days before hack was revealed Drew Harwell and Douglas MacMillan, The Washington Post Dec. 15, 2020 FacebookTwitterEmail Top investors in SolarWinds, the Texas-based company whose software was breached in a major Russian cyberattack, sold millions of dollars in stock in the days before the intrusion was revealed. The timing of the trades raises questions about whether the investors used inside information to avoid majo...
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Suspected Russian Cyberattack Began With a Little-Known but Ubiquitous Software Company

Suspected Russian Cyberattack Began With Ubiquitous Software Company SolarWinds provides the tools many companies use to manage their computer networks. That’s what made the hack so pernicious. U.S. authorities and tech companies have reported several instances of Russian cyberattacks and interference attempts ahead of the 2020 election. WSJ explores how Russian hackers and trolls have expanded their 2016 tool kit with new tactics. (Originally published Nov. 2, 2020) By ...
United States Vincent Liu Solarwinds Orion Joseph Kim Sergio Caltagirone Bishop Fox
Source: wsj.com

7 Takeaways: Supply-Chain Attack Hits SolarWinds Customers

"We have identified a global campaign that introduces a compromise into the networks of public and private organizations through the software supply chain," FireEye CEO Kevin Mandia announced in a Sunday blog post. "This compromise is delivered through updates to a widely used IT infrastructure management software - the Orion network monitoring product from SolarWinds. The campaign demonstrates top-tier operational tradecraft and resourcing consistent with state-sponsored threat actors." Left u...
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FireEye, US Federal Agencies Hacked Through SolarWinds: Report

US Calls On Federal Agencies To Power Down SolarWinds Orion Due To Security Breach An emergency directive issued by the U.S. government calls on all federal civilian agencies to disconnect or power down SolarWinds Orion IT management tools because they are being used to facilitate an active exploit. By Michael Novinson December 14, 2020, 12:50 AM EST The U.S. government late Sunday night called on all federal civilian agencies to power down SolarWinds Orion pro...
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Source: crn.com

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SolarWinds appoints Ramakrishna as new CEO. – Channel EYE

Posted on December 14, 2020 by Nick Farrell - News IT management software provider SolarWinds has announced the appointment of Sudhakar Ramakrishna as its new president and CEO. Ramakrishna has more than 25 years’ experience across, cloud, mobility, networking, security and collaboration markets to the business. Chairman of the Board Bill Bock said that after an “extensive and thorough search”, the new SolarWinds chief will lead the business into a “new chapter in the company’s h...
Kevin Thompson Sudhakar Ramakrishna Board Bill Bock Secure Access Pulse Secure கெவின் தாம்சன்

North America lags behind Europe on proactive security initiatives in Q3

News analysis The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation. Archives Daily Newswire Learning Express One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.
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