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High-Profile Case Ends After Judge Guts SEC’s Cyber Fraud AllegationsThe SEC has dropped its remaining claims against SolarWinds and CISO Tim Brown, ending a controversial cyber fraud lawsuit that aimed to expand securities law to cover operational security failures tied to the 2020 Russian hacking campaign.
The U.S. Securities and Exchange Commission (SEC) has abandoned its lawsuit against SolarWinds and its chief information security officer, alleging that the company had misled investors about the security practices that led to the 2020 supply chain attack
Company 'clearly delighted' with the outcome The US Securities and Exchange Commission (SEC) has abandoned the lawsuit it pursued against SolarWinds and its chief infosec officer for misleading investors about security practices that led to the 2020 SUNBURST attack.…
Proposed Deal Could End Precedent-Setting SEC Case Over Cybersecurity MisstatementsThe SEC and SolarWinds told a federal judge they’ve reached a tentative agreement to resolve a first-of-its-kind fraud case over cybersecurity disclosures. Federal regulators alleged that SolarWinds misled investors about its cybersecurity, and the settlement hinges on SEC commissioner approval.
Yahoo, Uber, SolarWinds — increasingly, the government is incentivizing better corporate security by punishing the individuals leading it. Is that a good idea? And how can security pros avoid ending up on the butt end of a lawsuit?
The SEC's lawsuit may take years to resolve through litigation, but here are five things CISOs should do now to protect both themselves as individuals as well as their organizations.
Responding to SEC charges, SolarWinds fired back with a detailed defense of how a Russian-backed cyber espionage attack on its system was handled.
18,000 customers, including the Pentagon and Microsoft, may have other thoughts SolarWinds – whose network monitoring software was backdoored by Russian spies so that the biz's customers could be spied upon – has accused America's financial watchdog of seeking to "revictimise the victim" after the agency sued it over the 2020 attack.…
Calls Securities and Exchange Commission's Cybersecurity Allegations 'Unfounded'Network monitoring software vendor SolarWinds moved to dismiss a federal lawsuit accusing the company and its CISO of securities fraud after they allegedly misstated the efficacy of its cybersecurity controls. Russian intelligence hacked the company in an incident disclosed in 2020.
The SolarWinds SEC lawsuit illuminates the potential risks faced by CISOs and other cybersecurity executives.
Company publishes fierce response to lawsuit brought last month SolarWinds has come out guns blazing to defend itself following the Securities and Exchange Commission's announcement that it will be suing both the company and its CISO over the 2020 SUNBURST cyberattack.…
The U.S. Securities and Exchange Commission (SEC) today charged SolarWinds with defrauding investors by allegedly concealing cybersecurity defense issues before a December 2020 linked to APT29, the Russian Foreign Intelligence Service (SVR) hacking division. [...]
One 8-K filing, two bombshells SolarWinds has agreed to pay $26 million to settle a shareholder lawsuit, and it's also expecting to be slapped with an enforcement action by Uncle Sam – both related to its infamous 2020 supply chain security fiasco, according to the software maker's most recent US regulatory filing.…