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
Joseph Sullivan, Uber’s beleaguered former Chief Information Security Officer, was back in the news last month when he appealed his 2023 conviction for his role in concealing a 2016 breach of Uber’s network and customer data....more
On Oct. 22, 2024, the Securities and Exchange Commission announced that it charged four technology companies with making materially misleading disclosures about the effect the SolarWinds cyberattack had on these issuers. To...more
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
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
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
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
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
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
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 massive data breach of the United States Commerce and Treasury Departments that has roiled the federal government has resulted in federal securities litigation. On January 4, 2021, Plaintiff-Shareholder Timothy Bremer...more
In the fall-out, the Department of Justice, which includes the FBI, the Drug Enforcement Agency and the U.S. Marshal’s Service, announced this week that 3 percent of its employees’ emails were compromised as a result of the...more
As reported last week, it appears that a state-sponsored security hack has resulted in a major security compromise in widely-used software offered by a company called SolarWinds. The compromised software, known as Orion, is...more
As reported last week, a state-sponsored hacker may have breached multiple U.S. government networks through a widely-used software product offered by SolarWinds. The compromised product, known as Orion, helps organizations...more
By now, you have heard about the SolarWinds Orion hack. But what do you need to know about it? First, if you want or need the technical details, the Cybersecurity and Infrastructure Security Agency (CISA) has them. In...more
As reported by Bloomberg and other news outlets, a major cyber security intrusion attributed to Russian state hackers, known by the nicknames APT29 or Cozy Bear, has sent cybersecurity experts into emergency mode as they work...more
The recent hack against FireEye and the U.S. Treasury and Commerce Department affected SolarWinds software for other clients as well (not limited to the U.S. government). SolarWinds has confirmed a cyberattack to its systems...more