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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.
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 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.
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.
Commercial Observer
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The public got a taste of the new normal this summer, when social media was flooded with misinformation following the ...
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MAGS: An Efficient Way To Invest In The Magnificent Seven
Invest in the Roundhill Magnificent Seven ETF (MAGS) for diversified exposure to tech giants poised to drive market growth ...
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New grant helping companies with climate reporting to launch in November
Listed companies must submit climate-related disclosures from FY2025, and large non-listed companies by FY2027. Read more at ...
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Details Better Than The Headline This Earnings Season
The second busiest week of earnings season kicks off and includes Tesla. Forward guidance remains critical, with challenging ...
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'The million-dollar question of this election': Women's health startups are confronting a shifting legal landscape
Startups offering medication abortions, contraception, and period-tracking apps are preparing for the risks of another Trump ...
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Understanding ECHEMI: The Top Chemical Companies and Their Sectoral Impact
The chemical industry serves many industries related to manufacturing, pharmaceuticals, and agriculture. One of the ...
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Big tobacco companies reach tentative multibillion-dollar settlement with Canada
TORONTO -- Three large tobacco companies would pay nearly $24 billion to settle a long-running legal battle in Canada, ...
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