SEC fines 4 companies for downplaying SolarWinds 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.
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.
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 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.
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.
SEC fines four companies $7 million 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. © 2024 TechCrunch. All rights reserved. For personal use only.
SEC fines four companies for downplaying SolarWinds hack
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
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