JD Supra

SEC Announces Penalties Against Four Companies for Downplaying Severity of SolarWinds Cybersecurity Breach in Disclosures

On Oct. 22, 2024, the Securities and Exchange Commission announced that it charged four technology companies with making materially misleading disclosures about the effect the SolarWinds cyberattack ...
Bleeping Computer

SEC charges tech companies for downplaying SolarWinds breaches

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 ...
Compliance Week

Unisys, three other firms fined a combined $7M for underplaying damage from SolarWinds hack

Four current or former public companies will pay a total of nearly $7 million in fines to settle charges by the Securities and Exchange Commission that they underplayed or failed to disclose material ...
JD Supra

Client Alert: Key Takeaways from the Motion to Dismiss Ruling in SEC v. SolarWinds et al.

The SEC’s high-profile litigation against SolarWinds and its Chief Information Security Officer (CISO), Timothy G. Brown, reached a critical turning point on July 18, 2024, when a district court in ...
Benzinga.com

SEC Charges Four Companies Over SolarWinds Hacks, Issues Millions In Penalties

The U.S. Securities and Exchange Commission (SEC) charged four major companies — Unisys Corp.(NYSE:UIS), Avaya Holdings Corp., Check Point Software Technologies (NASDAQ:CHKP) and Mimecast — with ...