The Securities and exchange commission filed charges against 4 companies for downplaying Solar Winds hack

Back in the days of the pandemic, we had a huge story which you can find as part of TSB as well as this blog. That story was Solar Winds.

In today’s article on bleeping computer, it goes in to detail about 4 companies which downplayed the incidents, and each are paying anywhere from 990k to 4 million in civil penalties. Two are paying less than a million while two are paying a million or more.

We always stated that this was going to be a big story, and the fact that companies decided not to tell the truth when it came to this big breach is a testimony of what’s going on in this industry.

While the JRN never was breached, we did experience degredation of service as well as other issues which were discussed to show that even a simple task could result in things going wrong.

The SEC has details on these charges and what each company allegedly did and the amount each of the companies had to pay.

For bonus points, can you name the companies?

The SEC has charged four companies—Unisys Corp, Avaya Holdings, Check Point Software, and Mimecast—for allegedly misleading investors about the impact of their breaches during the massive 2020 SolarWinds Orion hack.

“The Securities and Exchange Commission today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially misleading disclosures regarding cybersecurity risks and intrusions,” announces the SEC in a Tuesday press release.

“The SEC also charged Unisys with disclosure controls and procedures violations.”

SEC charges tech companies for downplaying SolarWinds breaches is the article title if you have not seen it. Thanks for reading!