July 19, 2024 at 05:30PM The SEC lawsuit against SolarWinds and CISO Timothy Brown, accused of concealing security issues pre and post SUNBURST breach, has been dismissed by a judge. This outcome signifies a significant development in the legal proceedings. (49 words) Based on the meeting notes, it seems that there has been a development … Read more
January 29, 2024 at 04:50PM SolarWinds disputed SEC’s jurisdiction and denial of cybersecurity shortcomings charges. SEC alleged SolarWinds failed to protect systems and misled customers about cyber threats. SolarWinds insisted it made proper disclosures, and SEC seeks to regulate cybersecurity controls beyond its scope. SolarWinds maintained transparency and claimed to be unfairly characterized as a … Read more
October 30, 2023 at 09:54PM The Securities and Exchange Commission (SEC) has filed charges against SolarWinds and its Chief Information Security Officer (CISO), alleging that the company misled investors about its cybersecurity practices and known risks. The charges stem from alleged fraud and internal control failures related to cybersecurity weaknesses. SolarWinds is accused of disclosing … Read more