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US SEC sues SolarWinds for concealing cyber risks before hacking

30 pointsby adatta02over 1 year ago

3 comments

jollofricepeasover 1 year ago
Considering the $100 million loss at MGM and the $500mm loss at Clorox, it makes total sense that they are going after them especially considering their private equity owners actively avoided their risk management duties.<p>Additionally as a government contractor, they should hope they don’t get hit with a FCA suit as well considering the DOJ is looking for whistleblowers in cybersecurity.<p><a href="https:&#x2F;&#x2F;www.americanbar.org&#x2F;groups&#x2F;business_law&#x2F;resources&#x2F;business-law-today&#x2F;2023-august&#x2F;the-doj-civil-cyber-fraud-intiative-part-2&#x2F;" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.americanbar.org&#x2F;groups&#x2F;business_law&#x2F;resources&#x2F;bu...</a>
pjmlpover 1 year ago
Hopefully the first of many, so that security starts be taken seriously across all phases from software development.
edeiover 1 year ago
Let&#x27;s do Microsoft next.