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US SEC sues SolarWinds for concealing cyber risks before hacking
- jollofricepeas 3y agoConsidering the $100 million loss at MGM and the $500mm loss at Clorox, it makes total sense that they are going after them especially considering their private equity owners actively avoided their risk management duties. Additionally as a government contractor, they should hope they don’t get hit with a FCA suit as well considering the DOJ is looking for whistleblowers in cybersecurity. https://www.americanbar.org/groups/business_law/resources/business-law-today/2023-august/the-doj-civil-cyber-fraud-intiative-part-2/ https://www.americanbar.org/groups/business_law/resources/bu...
- pjmlp 3y agoHopefully the first of many, so that security starts be taken seriously across all phases from software development.
- edei 3y agoLet's do Microsoft next.