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The billion dollar question: do we think SEC filing disclosures are about to get a bit more interesting to read? Or is the standard boiler plate "we might get h
by spydum 3y ago
The billion dollar question: do we think SEC filing disclosures are about to get a bit more interesting to read? Or is the standard boiler plate "we might get hacked, our controls may not be sufficient" going to remain?
- scrapcode 3y agoI don't see this going in any direction other than a boilerplate that will become something that is ignored. > SolarWinds and Brown defrauded investors by overstating SolarWinds' cybersecurity practices and understating or failing to disclose known risks. In a nutshell, couldn't they say that in some way about any security software company?
- dmix 3y agoAccording to wikipedia SolarWinds suffered one of the largest cyberattacks against a company in history - one that also directly affected thousands of consumer devices (not just a company backend). This might be a unique consequence of a unique situation. But who knows. > In February 2021, Microsoft President Brad Smith said that it was "the largest and most sophisticated attack the world has ever seen". https://en.wikipedia.org/wiki/2020_United_States_federal_government_data_breach https://en.wikipedia.org/wiki/2020_United_States_federal_gov...
- ivlad 3y agoBrad Smith (https://news.microsoft.com/exec/brad-smith/ https://news.microsoft.com/exec/brad-smith/) is a PR person at Microsoft. His role is to make loud statements on matters he has no knowledge of or qualifications to talk about.
- halJordan 3y agoThe new 8-ks are already a response to this...