SEC Fines 4 Companies $7M for Downplaying Breaches Tied to Massive SolarWinds Hack
The agency said Unisys, Avaya Holdings, Check Point Software Technologies and Mimecast provided misleading disclosures about the incidents, leaving investors in the dark about their "true scope."
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.
SEC just hit four companies with big fines for downplaying the SolarWinds hack
Unisys, Avaya, Check Point, and Mimecast will each pay civil penalties to settle the agency’s charges that they downplayed the impacts of the hack through their respective public disclosures. The Securities and Exchange Commission fined four companies on Tuesday with misleading investors about the impact the 2020 hack of SolarWinds had on their own systems.
SEC Charges 4 Companies Over Misleading SolarWinds Cyberattack Disclosures
SEC charges four companies for misleading disclosures regarding the SolarWinds cyberattack, imposing fines totaling $6 million.
SEC hits Avaya with $1M penalty for ‘misleading cyber disclosures’
The company was one of four to settle with the Securities and Exchange Commission for charges related to effects of the SolarWinds' Orion software compromise.
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.
SEC charges tech companies for downplaying SolarWinds breaches
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.
SEC Charges Four Companies Over Misleading Disclosures on SolarWinds Hack
The SEC announces penalties against Unisys, Avaya, Check Point and Mimecast for downplaying the impact of the SolarWinds Orion hack.
SEC Charges Four Companies With Misleading Cyber Disclosures
October 22, 2024) - 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.
SEC Accuses Four Firms of Downplaying SolarWinds-Related Hacks
Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp.
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.
Solarwinds downplayed: penalties for Check Point, Unisys, Avaya, Mimecast
The espionage operation at Solarwinds damaged many companies. Not everyone took the disclosure to the owners seriously. The ...
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Unisys, Check Point, Mimecast, Avaya Fined By SEC Over SolarWinds-Related Breaches
The SEC announced penalties against Check Point, Mimecast, Unisys and Avaya over what the agency said were ‘materially ...
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