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
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 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 Fines Four Companies $7M for Violating Cyber Disclosure Rules
On October 22, 2024, the Securities and Exchange Commission charged four companies with making materially misleading disclosures about
SEC Charges 4 Companies Over Misleading SolarWinds Cyber Attack Disclosures
SEC charges four companies for misleading disclosures regarding the SolarWinds cyberattack, imposing fines totaling $6 million.
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 just hit four companies with big fines for downplaying the SolarWinds hack
Unisys, Avaya, Check Point, and Mimecast will each pay civil penalties to settle the agency’s charges that they downplayed the impacts of the hack through their respective public disclosures. The Securities and Exchange Commission fined four companies on Tuesday with misleading investors about the impact the 2020 hack of SolarWinds had on their own systems.
Four companies face SEC fines for not disclosing they were affected by the SolarWinds hack
In today's Federal Newscast, the Securities and Exchange Commission fines four companies for misleading disclosures about a major cybersecurity hack.
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