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The U.S. Securities and Exchange Commission (SEC) has charged four current and former public companies for making "materially misleading disclosures" related to the large-scale cyber attack that stemmed from the hack of SolarWinds in 2020
SEC: Check Point, Mimecast Disclosures Didn't Capture Severity of SolarWinds HackCheck Point and Mimecast will each pay regulators nearly $1 million to settle charges of making materially misleading disclosures related to the SolarWinds Orion hack. The SEC alleged public disclosures from Check Point and Mimecast didn't capture the severity of the compromise.
The SEC has charged four companies—Unisys Corp, Avaya Holdings, Check Point Software, and Mimecast—for allegedly misleading investors about the impact of their breaches during the massive 2020 SolarWinds Orion hack. [...]
Unisys, Avaya, Check Point, and Mimecast settled with the agency without admitting or denying wrongdoing Four high-profile tech companies reached an agreement with the Securities and Exchange Commission to pay millions of dollars in penalties for misleading investors about their exposure to the 2020 SolarWinds hack.…