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 York Times later said the Defense Department, State Department and Department of Homeland Security ...