SEC fines cybersecurity giants for downplaying effects of SolarWinds attack
Despite knowing threat actors had accessed systems and exfiltrated data, several companies released statements downplaying the impact of the attack.
SEC Fines 4 Companies $7M for Downplaying Breaches Tied to Massive SolarWinds Hack
The agency said Unisys, Avaya Holdings, Check Point Software Technologies and Mimecast provided misleading disclosures about the incidents, leaving investors in the dark about their "true scope."
SEC Charges Four Companies Over Misleading Disclosures on SolarWinds Hack
The SEC announces penalties against Unisys, Avaya, Check Point and Mimecast for downplaying the impact of the SolarWinds Orion hack.
SEC charges tech companies for downplaying SolarWinds breaches
Unisys Corp, Avaya Holdings, Check Point Software, and Mimecast—for allegedly misleading investors about the impact of their breaches during the massive 2020 SolarWinds Orion hack.
Check Point among companies fined by SEC over 'misleading cyber disclosures'
Check Point Software (NASDAQ:CHKP) is among a group of four companies that have been fined by the Securities and Exchange Commission for "misleading cyber disclosures" related to the SolarWinds (NYSE:SWI) hack.
SEC fines four companies $7M for ‘misleading cyber disclosures’ regarding SolarWinds hack
The SEC concluded that four tech companies misled investors and minimized the damage they suffered from the SolarWinds supply chain hack.
SEC Charges Four Companies Over SolarWinds Hacks, Issues Millions In Penalties
The SEC charged four major companies for misleading disclosures about cybersecurity risks and breaches, including SolarWinds attack. Companies will pay fines and improve cybersecurity practices.
Tech firms to pay millions in SEC penalties for misleading SolarWinds disclosures
Four high-profile tech companies reached an agreement with the Securities and Exchange Commission to pay millions of dollars in penalties for misleading investors about their exposure to the 2020 SolarWinds hack.
SEC Charges Four Companies With Misleading Cyber Disclosures
October 22, 2024) - The Securities and Exchange Commission today charged four current and former public companies -- Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited -- with making materially misleading disclosures regarding cybersecurity risks and intrusions.
U.S. Fines Tech Companies Over Disclosures Related to SolarWinds Hack
The firms minimized how their systems were affected by the breached software, the Securities and Exchange Commission said.
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Unisys, Check Point, Mimecast, Avaya Fined By SEC Over SolarWinds-Related Breaches
The SEC announced penalties against Check Point, Mimecast, Unisys and Avaya over what the agency said were ‘materially ...
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SEC is Not Accepting Half-Truths
The SEC has fined four major companies for materially misleading investors regarding cyberattacks.Tech in TroubleRegulatory ...
SEC Accuses Four Firms of Downplaying SolarWinds-Related Hacks
Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that ...