SEC fines four companies $7 million for ‘misleading cyber disclosures' regarding SolarWinds hack [TechCrunch]
SolarWinds Corporation (SWI)
Last solarwinds corporation earnings: 4/30 04:05 pm
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Source: TechCrunch
The four companies charged are cybersecurity firms Check Point, which will pay a civil penalty of $995,000; Mimecast, which will pay $990,000; and the tech companies Unisys, which will pay $4 million, and Avaya, which will pay $1 million. All of these companies were victims of the hack suffered by SolarWinds , which affected several other companies and government agencies that used SolarWinds software. According to the SEC, each company committed different violations that “negligently” downplayed and minimized the damage of the breaches. “While public companies may become targets of cyberattacks, it is incumbent upon them to not further victimize their shareholders or other members of the investing public by providing misleading disclosures about the cybersecurity incidents they have encountered,” said Sanjay Wadhwa, acting director of the SEC's Division of Enforcement. “Here, the SEC's orders find that these companies provided misleading disclosures about the incidents at issue,
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SWI
News
- What It Takes To Secure An Always-On Digital Banking Platform [Forbes]Forbes
- Uptycs Launches Comprehensive Cloud Security Solution with Full Blast Radius Mitigation for SOC, IT, and Operations [Yahoo! Finance]Yahoo! Finance
- New Threat Report from Cato Networks Reveals Ransomware Gangs Recruiting Penetration Testers to Improve Effectiveness of Attacks [Yahoo! Finance]Yahoo! Finance
- 8x8, Inc. Appoints John Pagliuca to Board of Directors [Yahoo! Finance]Yahoo! Finance
- New SolarWinds Report: Automation, Self-Service, and SLAs Are Keys to ITSM EfficiencyBusiness Wire
SWI
Earnings
- 10/31/24 - Beat
SWI
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- SWI's page on the SEC website