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Risk Management SolarWinds

Dechert LLP

Dechert Cyber Bits - Issue 65

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Four Companies Settle SEC Allegations for “Misleading Cyber Disclosures” Regarding SolarWinds - On October 22, 2024, the Securities and Exchange Commission (“SEC”) announced settlements with four companies for alleged...more

Jones Day

SEC v. SolarWinds: Court Rejects SEC Authority Over Cybersecurity Controls and Most Alleged Disclosure Violations

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The U.S. District Court for the Southern District of New York dismissed the majority of claims that the Security and Exchange Commission ("SEC") asserted against SolarWinds, including claims that the company's alleged...more

Holland & Knight LLP

SEC Cyber Enforcement Update: Which Way Are the SolarWinds Blowing?

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The SEC has been aggressively pursuing cybersecurity investigations and enforcement actions against public companies and foreign private issuers. In these actions, the SEC often alleges one of two theories: 1) that the...more

Davis Wright Tremaine LLP

SEC's Charges Against SolarWinds and Its CISO Highlight Emerging Risks for Public Companies, Security Professionals

The U.S. Securities and Exchange Commission ("SEC") has charged SolarWinds Corp. (SolarWinds) and the company's chief information security officer ("CISO") with securities fraud and violations of internal controls...more

Skadden, Arps, Slate, Meagher & Flom LLP

What Does the SEC’s Complaint Against SolarWinds Mean for CISOs and Boards?

On October 30, 2023, the SEC filed a litigated complaint against SolarWinds, a software development company, and Timothy Brown, its chief information security officer (CISO). The SEC alleges that from October 2018, when...more

Morrison & Foerster LLP

A New Frontier for SEC Cybersecurity Enforcement? The SEC Charges SolarWinds and its CISO with Securities Fraud

Earlier this week, the SEC accused SolarWinds Corporation (“SolarWinds” or the “Company”) and its Chief Information Security Officer (“CISO”) of committing scienter-based securities fraud, among other violations, for...more

King & Spalding

Delaware Chancery Court Decision Dismissing Claims Against SolarWinds Corporation's Board Illuminates Contours of Director...

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The Delaware Chancery Court’s recent opinion in Construction Industry Laborers Pension Fund et al. v. Bingle et al., C.A. No. 2021-0494-SG (Del. Ch.) dismissing claims asserted against members of SolarWinds Corporation’s...more

Womble Bond Dickinson

An Understandable Guide to Zero Trust Architecture

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While cybersecurity professionals are generally nice people, and I have nothing against them, they have trust issues. Their spouse, friends, and family may not appreciate the lack of trust, but it goes a long way towards...more

Robinson+Cole Data Privacy + Security Insider

SolarWinds Hackers Focus on Downstream Vendors as Next Victims

In a blog post entitled “New activity from Russian actor Nobelium,” Microsoft’s V.P. of Customer Security & Trust Tom Burt discussed a recent alert issued by the Microsoft Threat Intelligence Center (MSTIC) regarding the...more

Jackson Lewis P.C.

Data Protection And The Role Of Vendor Management

Jackson Lewis P.C. on

The SolarWinds hack highlights the critical need for organizations of all sizes to include cyber supply chain risk management as part of their information security program. It is also a reminder that privacy and security...more

Alston & Bird

NYDFS Issues Report on the SolarWinds Attack and Covered Entities’ Responses

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Following the SolarWinds cyber espionage attack (the “Attack”) and the resulting focus on supply chain risk, the New York Department of Financial Services (NYDFS) has issued a report detailing the impact on and responses by...more

Ward and Smith, P.A.

Thousands Hacked: New Cyber-Attacks Affect Organizations Big and Small

Ward and Smith, P.A. on

Friday afternoon, reports surfaced that a foreign nation had compromised newly-discovered flaws in the Microsoft Exchange Server email software and breached the cybersecurity efforts of more than 60,000 known victims. ...more

NAVEX

[Webinar] Top Risk Management Lessons from the SolarWinds Hack - January 27th, 10:00 am - 11:00 am PT

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Last month there was a cyber-attack suspected to have been perpetrated by Russian hackers. The attack was traced back to third party – a network management software vendor, SolarWinds. Among its 300,000 customers, SolarWinds...more

Robinson+Cole Data Privacy + Security Insider

SolarWinds Cyber-Attack Has Significant Implications for Developers and Contractors

ICYMI, on Wednesday, January 6, 2021, the United States Department of Justice (DOJ) issued an update about what it termed “a major incident under the Federal Information Security Modernization Act”: the global SolarWinds...more

Hinshaw & Culbertson - Privacy, Cyber & AI...

Six Information Security Tips to Mitigate the Risk of a SolarWinds-Like Breach

The impacts and implications of the recent SolarWinds breach are widespread and on-going. SolarWinds' network-monitoring and management software was used by customers worldwide—including the U.S. military, Fortune 500...more

Burr & Forman

What’s a Company Do?

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Ransomware attacks have increased over the last several months, but the nation state attacks identified over the last several days are causing people to take a harder look at their systems and what they can do to protect...more

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