Forwarded from MajFreddyโs Channel (Mary)
U.S. SECURITIES AND
EXCHANGE COMMISSION
Press Release
Washington D.C.
Oct 30, 2023
๏ปฟ
โSEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures
Complaint alleges software company misled investors about its cybersecurity practices and known risks
FOR IMMEDIATE RELEASE 2023-227
Washington D.C., Oct. 30, 2023 โ
The Securities and Exchange Commission today announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. The complaint alleges that, from at least its October 2018 initial public offering through at least its December 2020 announcement that it was the target of a massive, nearly two-year long cyberattack, dubbed โSUNBURST,โ SolarWinds and Brown defrauded investors by overstating SolarWinds' cybersecurity practices and understating or failing to disclose known risks. In its filings with the SEC during this period, SolarWinds allegedly misled investors by disclosing only generic and hypothetical risks at a time when the company and Brown knew of specific deficiencies in SolarWindsโ cybersecurity practices as well as the increasingly elevated risks the company faced at the same time.โ
https://www.sec.gov/news/press-release/2023-227
EXCHANGE COMMISSION
Press Release
Washington D.C.
Oct 30, 2023
๏ปฟ
โSEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures
Complaint alleges software company misled investors about its cybersecurity practices and known risks
FOR IMMEDIATE RELEASE 2023-227
Washington D.C., Oct. 30, 2023 โ
The Securities and Exchange Commission today announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. The complaint alleges that, from at least its October 2018 initial public offering through at least its December 2020 announcement that it was the target of a massive, nearly two-year long cyberattack, dubbed โSUNBURST,โ SolarWinds and Brown defrauded investors by overstating SolarWinds' cybersecurity practices and understating or failing to disclose known risks. In its filings with the SEC during this period, SolarWinds allegedly misled investors by disclosing only generic and hypothetical risks at a time when the company and Brown knew of specific deficiencies in SolarWindsโ cybersecurity practices as well as the increasingly elevated risks the company faced at the same time.โ
https://www.sec.gov/news/press-release/2023-227
โค4
Forwarded from Castle Rock (TheguyonTheCouch)
Forwarded from Disaster News
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Heavy floods due to intense rains in the Milan of Italy ๐ฎ๐น (31.10.2023)
Source: Paolo Maggioni
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Source: Paolo Maggioni
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Forwarded from Disaster News
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Heavy floods due to extreme rains on the Milano Porta Garibaldi railway station in the Milan of Italy ๐ฎ๐น (31.10.2023)
Source: Matteo
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Source: Matteo
TG join t.me/Disaster_News for more news.
Forwarded from Stacy (Qrash The Matrix)
Get ready for a CRASH with some FIREWORKSโผ๏ธ๐ฅ๐ฅ
https://www.dailymail.co.uk/news/article-12691747/Spect-CRASH-ular-Semi-truck-plows-trailer-loaded-100-000-fireworks-sparking-stunning-roadside-display.html?ns_mchannel=rss&ns_campaign=1490&ito=social-twitter_dailymailus
https://www.dailymail.co.uk/news/article-12691747/Spect-CRASH-ular-Semi-truck-plows-trailer-loaded-100-000-fireworks-sparking-stunning-roadside-display.html?ns_mchannel=rss&ns_campaign=1490&ito=social-twitter_dailymailus
Forwarded from Stacy (Qrash The Matrix)
Forwarded from Insider Paper
https://www.pressherald.com/2023/10/31/lois-galgay-reckitt-womens-rights-activist-and-south-portland-lawmaker-dies/ ๐ค#Hmmm Maine
Portland Press Herald
Lois Galgay Reckitt, womenโs rights activist and South Portland lawmaker, dies
Reckitt was longtime director of Family Crisis Services in Portland