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.
The SEC just fined four companies for downplaying how much a 2020 Russian hack affected them
The Securities and Exchange Commission fined four cybersecurity companies for downplaying to investors the impact the 2020 Russian hack of SolarWinds had on their own systems. Why it matters: It's rare to see companies come under regulatory fire for cybersecurity disclosures.
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 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.
Tech firms to pay millions in SEC penalties for misleading SolarWinds disclosures
Unisys, Avaya, Check Point, and Mimecast settled with the agency without admitting or denying wrongdoing 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 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 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.
SEC hits Avaya with $1M penalty for ‘misleading cyber disclosures’
The company was one of four to settle with the Securities and Exchange Commission for charges related to effects of the SolarWinds' Orion software compromise.
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.
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 they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp.
SEC Fines 4 Firms for Downplaying Impact of SolarWinds Hack
The companies include IT security firm Check Point and email security provider Mimecast, which were ensnared in the SolarWinds breach four years ago.
Unisys: Don't Lose Sight Of The Long Term
Unisys offers potential for a 50% price return, but weak profitability and vulnerability to tech recession suggest a Hold ...
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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 ...
Unisys to Participate in EDUCAUSE Annual Conference 2024
Unisys (NYSE: UIS) is excited to announce its participation in the EDUCAUSE Annual Conference 2024, taking place in San Antonio, TX, from Oct. 21 – 24. This leading event brings together executives in ...
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Unisys Set to Unveil Q3 2024 Financial Results
Unisys (NYSE: UIS) has announced its upcoming release of third-quarter 2024 financial results, scheduled for Tuesday, October ...