SEC Fines Four Companies $7M for Violating Cyber Disclosure Rules
On October 22, 2024, the Securities and Exchange Commission charged four companies with making materially misleading disclosures about
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 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 fines cybersecurity giants for downplaying effects of SolarWinds attack
Four top security companies have been charged for downplaying the impact the SolarWinds Orion compromise had on their systems, an action which violated certain provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, among other related rules.
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."
Tech firms to pay millions in SEC penalties for misleading SolarWinds disclosures
Four high-profile tech companies reached an agreement with the Securities and Exchange Commission to pay millions of dollars in penalties for misleading investors about their exposure to the 2020 SolarWinds hack.
SEC Charges Four Companies Over SolarWinds Hacks, Issues Millions In Penalties
The SEC charged four major companies for misleading disclosures about cybersecurity risks and breaches, including SolarWinds attack. Companies will pay fines and improve cybersecurity practices.
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.
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 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.
Mimecast to pay almost $1M to settle cyber disclosure charges
The SEC believes that Mimecast did not provide investors with the full picture of the impact of the SolarWinds’ Orion hack on ...
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 ...
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 ...
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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 ...