Tagged: cyberattack

SEC Suffers Major Blow in Securities Fraud Case Against SolarWinds

A New Your federal district judge handed down a significant decision dismissing much of the SEC’s securities fraud enforcement action against SolarWinds arising from its claims relating to SolarWinds’ cybersecurity policies, and disclosure of a significant cyberattack against the SolarWinds’ network. In an unprecedented case, the SEC alleged that SolarWinds, which went public in 2018, mislead the public as to the effectiveness of its cybersecurity...

Ransomware Criminal Prosecution of Russian National Underscores Pervasive Ransomware Risks

In today’s world of cyber threats, many companies have fallen victim to ransomware attacks.  Corporate boards and senior executives face serious issues when their companies are attacked. The payment of ransom is not only costly, but presents significant ethics and compliance issues.  Many companies often conduct ransomware exercises to develop common scenarios and potential responses.  It is an issue worthy of board, senior management and...