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SEC charges SolarWinds and company executive with fraud after massive cybersecurity breach

Por: MarketWatch Business October 31, 2023

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The SEC on Monday that from at least SolarWinds’ October 2018 IPO through its December 2020 announcement that it had been targeted in the breach, the company and its chief information security officer, Timothy Brown, “defrauded investors by overstating SolarWinds’ cybersecurity practices and understating or failing to disclose known risks.” The SEC’s complaint alleged that despite warnings from employees, Brown “failed to resolve the... + full article



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