SolarWinds and its CISO accused of misleading investors before major cyberattack

The Securities and Exchange Commission (SEC) has announced charges against software company SolarWinds Corporation and its chief information security officer (CISO), Timothy G. Brown, for “fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.”

In 2020, SolarWinds announced it had been hacked and that its compromised software channel was used to push out malicious updates onto 18,000 of its Orion platform customers. The nearly two-years long cyberattack was dubbed SUNBURST.

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Source: MalwareBytes Labs