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SEC charges SolarWinds for security failures, fraud

The U.S. Securities and Exchange Commission (SEC) has charged SolarWinds Corporation and its CISO Timothy Brown with fraud for misleading investors about the company’s cybersecurity practices. This relates to the 2020 supply chain attack known as ‘Sunburst’, when malware was introduced, compromising many of the firm’s customers. The charges also involve reporting violations and internal control failings, with the SEC alleging that SolarWinds’ public statements were inconsistent with its internal assessments of its cybersecurity weaknesses.

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