US EditionUS SEC dismisses case against SolarWinds, top security officer
The SEC dropped its civil case after a judge dismissed most allegations; about 18,000 organizations were affected by the 2020 Sunburst cyberattack, officials said.
- On Thursday, the U.S. Securities and Exchange Commission said it abandoned litigation against SolarWinds Corp and Timothy G. Brown, Chief Information Security Officer, tied to the Sunburst cyberattack, filing a joint motion to dismiss the case with prejudice.
- Two years ago the U.S. Securities and Exchange Commission alleged SolarWinds Corp and Timothy G. Brown, Chief Information Security Officer , misled investors, and a judge mostly set aside many allegations last year.
- Around 18,000 organizations downloaded the poisoned software, and about 100 were later hacked by Russia's Cozy Bear, impacting major firms and U.S. agencies.
- The SEC noted in its filing that its dismissal is `in the exercise of its discretion` and `does not necessarily reflect the Commission's position on any other case`, SolarWinds CEO Sudhakar Ramakrishna said it `marks the end of a transformative chapter for SolarWinds and the beginning of our next.`
- Amid broader regulatory shifts, the dismissal halts a divisive Biden administration effort on security failings and coincides with the Federal Communications Commission rescinding Biden-era cyber regulations.
18 Articles
18 Articles
SEC drops case against SolarWinds tied to monumental breach
The Securities and Exchange Commission on Thursday dropped its case against SolarWinds and its chief information security officer over its handling of an alleged Russian cyberespionage campaign uncovered in 2020, an incident that penetrated at least nine federal agencies and hundreds of companies. The SEC’s decision brings to a halt one of the more divisive steps under the Biden administration to hold companies’ feet to the fire over their secur…
US SEC dismisses case against SolarWinds, top security officer
The U.S. Securities and Exchange Commission on Thursday said it has dropped its closely watched litigation against SolarWinds Corp and its top security officer that was tied to a Russia-linked cyberattack involving the software firm. The landmark case, which SEC brought in late 2023, rattled the cybersecurity
SEC Drops Lawsuit Against SolarWinds and CISO Over Sunburst Attack
In a move that has sent ripples through the cybersecurity and corporate governance worlds, the U.S. Securities and Exchange Commission (SEC) has voluntarily dismissed its high-profile lawsuit against SolarWinds Corp. and its chief information security officer, Timothy Brown. The case, which stemmed from the infamous 2020 cyberattack linked to Russian hackers, had been closely watched as a potential bellwether for how regulators might hold compan…
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