What to know about the SEC’s case against SolarWinds

The Securities and Exchange Commission on Monday sued SolarWinds over what the commission argued were its poor digital safeguards and its failure to disclose them leading up to the landmark breach of the software firm, which has been called one of the worst ever.of ignoring red flags about vulnerabilities for years leading up to the eventual disclosure of the breach in late 2020. The U.S. government in April 2021 formallyThere are at least three noteworthy unique elements to the case,, told me.

It’s the first time in an SEC cyber case that the commission has brought action against an individual, she said. That same month an engineering team member said they were “spooked” “by activity at a SolarWinds customer, prompting Brown to say that the incident was “very concerning” and adding,an information security manager wrote in November 2020, saying that every time, director of the SEC’s division of enforcement, said in a statement that “ather than address these vulnerabilities, SolarWinds and Brown engaged in a campaign to paint a false picture of the company’s cyber controls environment, thereby…

SolarWinds had already signaled it was prepared to fight the SEC on this, and the company reiterated that message Monday. The past year’s growth of the cybersecurity workforce amounts to an 8.7 percent increase, according to the report. But the gap amounts to a 12.6 percent year-over-year increase, it said. headtopics.com

The more assertive approach being taken this year reflects a coalition-wide goal of axing the main incentive for ransomware hackers that pushes them to keep operating: money., deputy national security adviser for cyber and emerging technology, told reporters.linked to them and other major state-backed groups this year. “We don’t focus on who the actor is, we build the capability to respond independent of the actor,” the senior administration official said.

SEC sues SolarWinds for hiding security weaknesses during massive hack.“We’re so far from being a security minded company. Every time I hear about our head geeks talking about security I want to throw up,” said one unnamed SolarWind employee to the SEC. Read more ⮕

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SEC: SolarWinds failed to disclose cybersecurity woes before historic breachSolarWinds suffered a historic breach that made waves in 2020, and now the Securities and Exchange Commission is taking action against the company and its CISO Tim Brown. Read more ⮕

SEC Sues SolarWinds Over 2020 Hack Attributed to RussiansRegulator says software company defrauded investors by misleading them about its cyber vulnerabilities Read more ⮕

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