Corruption, Crime and Compliance: SEC Suffers Dismissal of Claims in Solarwinds Securities Fraud Case
Episode 334 -- District Court Dismisses Bulk of SEC Claims Against Solarwinds
The Woody Report: The Solar Winds Dismissal
The U.S. District Court for the Southern District of New York on July 18, 2024, dismissed most of the SEC's landmark cyber enforcement litigation against SolarWinds Corp. (SolarWinds or the Company) and the Company's Chief...more
According to a New York Times story this weekend, the Security Exchange Commission’s lawsuit against SolarWinds is driving discussions in boardrooms and corporate security departments of large organizations about the handling...more
CYBERSECURITY - Hackers Steal $4.4M Crypto Using Data Linked to LastPass Breach - According to Bleeping Computer, crypto fraud researchers at ZachXBT, and MetaMask developer Taylor Monahan have reported that on October 25,...more
You remember the 2020 SolarWinds hack, perhaps one of the worst cyberattacks in history? As NPR described it in 2021, we all regularly receive routine software updates like this one...more
You probably remember the 2020 major cyberattack—reportedly perpetrated by a foreign government—of SolarWinds, a Delaware public company that “provides software products used to monitor the health and performance of...more
In 2020, SolarWinds Corp., a company that provided information technology software to private and government entities, was the victim of a cybersecurity breach. Russian hackers are believed to have slipped malicious code...more
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
Another fall-out from the SolarWinds incident has surfaced prompting Microsoft to issue a notice to affected customers that an attacker gained access to one of its customer service agents to launch hacking attacks against...more
On May 12, President Biden issued Executive Order 14028 focused on improving the nation’s cybersecurity posture. The order follows the recent cyberattack on one of the nation’s largest pipelines, Colonial Pipeline, in which...more
On April 27, 2021, the New York State Department of Financial Services (“DFS” or the “Department”) released a report regarding its investigation into the response by DFS covered entities to the SolarWinds supply chain attack....more
CYBERSECURITY - Eversource Energy Notifies Customers of Data Breach - Eversource Energy, which is the largest energy supplier in New England with 4.3 million customers in Connecticut, Massachusetts, and New...more
This week, the New York State Department of Financial Services (NYDFS) issued the Report on the SolarWinds Cyber Espionage Attack and Institutions’ Response....more
The United States government, states, municipalities, and private companies all have been trying to defend themselves from cyber warfare from foreign adversarial governments, including Russia, China, and North Korea, for...more
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
The SolarWinds cyber-attack was devastating in scope and impact. If any lesson can be learned from this event, the SolarWinds case presents all the pitfalls, enforcement and reputational damage, rolled into one tragic series...more
The 117th Congress kicked off its First Session with, among other initiatives, oversight hearings on the SolarWinds cyber hack. On February 23, the Senate Intelligence Committee held a hearing on the high profile,...more
CYBERSECURITY - NYDFS - Cybersecurity Certificate of Compliance Due April 15, 2021 The New York Department of Financial Services (DFS), which regulates certain covered entities and licensed persons in the financial...more
The fallout from the SolarWinds hacking incident linked to Russian threat actors has not only wreaked havoc on governmental agencies and private companies whose data are at risk following the incident, but this week, Bitsight...more
Malwarebytes, a cybersecurity firm, confirmed this week that the same hackers believed to originate from Russia who were behind the SolarWinds incident were able to access some of its internal emails without authorization....more
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
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
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
The Administrative Office of the U.S. Courts (the “AO”) recently disclosed that it has initiated an investigation into an apparent compromise in security of the Judiciary’s Case Management/Electronic Case Files System...more
CYBERSECURITY - Further Fall-Out from Russian Hacking of SolarWinds - U.S. intelligence agencies, including the FBI, the Office of the Director of National Intelligence, the National Security Agency and the Cybersecurity...more