cognitive cybersecurity intelligence

News and Analysis

Search

SEC charges SolarWinds CISO with fraud for misleading investors before major cyberattack

The US Securities and Exchange Commission (SEC) is set to charge SolarWinds Chief Information Security Officer Timothy Brown with fraud, accusing him of lying to investors about cybersecurity practices and hiding known risks. SolarWinds experienced a nearly-two-year cyberattack, attributed to Russian operatives. These charges stem from allegations that executives knew more about system vulnerabilities than was disclosed before the attack. SolarWinds paid $26 million to shareholders last year related to lawsuits concerning the breach.

Source: therecord.media –

Subscribe to newsletter

Subscribe to HEAL Security Dispatch for the latest healthcare cybersecurity news and analysis.

More Posts

Wyoming hospital names CFO

Memorial Hospital of Carbon County in Rawlins, Wyoming, has appointed Margaret Fontana as its new Chief Financial Officer (CFO), effective from the first week of