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SEC sues SolarWinds and its CISO for fraudulent cybersecurity disclosures

31
Oct
2023
SEC sues SolarWinds and its CISO for fraudulent cybersecurity disclosures

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The Security and Exchange Commission (SEC) has filed charges against SolarWinds and its chief information security officer, Timothy G. Brown for misleading investors by not disclosing “known risks” and not accurately representing the company’s cybersecurity measures during and before the 2020 Sunburst cyberattack that affected thousands of customers in government agencies and companies globally.

“SolarWinds violated reporting and internal controls provisions of the Exchange Act; and Brown aided and abetted the company’s violations,” SEC said in a press release.

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