Risky Bulletin Newsletter
November 01, 2023
Risky Biz News: SEC charges SolarWinds and its CISO
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News Editor
The US Securities and Exchange Commission has filed fraud charges against software company SolarWinds and its chief information security officer, Timothy Brown.
The agency says it reviewed internal communications and security assessments and found that SolarWinds lied about its cybersecurity posture to investors for years before it was hacked in 2020.
The SEC says that for at least two years before the hack, the company—through its CISO—had learned and discussed its cybersecurity deficiencies but misrepresented the risks to investors.