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US regulators sue SolarWinds and its security chief for alleged cyber neglect ahead of Russian hack

U.S. regulators on Monday sued SolarWinds, a Texas-based technology company whose software was breached in a massive 2020 Russian cyberespionage campaign, for fraud for failing to disclose security deficiencies ahead of the stunning hack. The company’s top security executive was also named in the complaint filed by the Securities and Exchange Commission seeking unspecified civil penalties, reimbursement of “ill-gotten gains” and the executive's removal. Detected in De...
United States New York Tim Brown Alec Koch Gurbirs Grewal Exchange Commission
Source: yahoo.com

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SolarWinds Misled Public on Cyber Risks Before Hack, SEC Claims

(Bloomberg) -- The Securities and Exchange Commission alleged on Monday that SolarWinds Corp. defrauded investors by downplaying security risks ahead of a hack of its software that rippled through computer systems across the US government and corporate America.Most Read from BloombergIsrael Latest: Netanyahu Rules Out Cease-Fire, UN Warns on SyriaSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialSaudi Forces on High Aler...
United States Gurbir Grewal Alec Koch Andrew Martin Bloomberg Businessweek Tim Brown
Source: yahoo.com

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