Share on LinkedInShare on LinkedIn

ARTICLE · 13 NOVEMBER 2023

Chief Information Security Officers In SEC Crosshairs: The SolarWinds Case

Greenberg Traurig
Greenberg Traurig
Contributor
Greenberg Traurig

Greenberg Traurig

Greenberg Traurig, LLP has approximately 3,200 lawyers across 51 locations in the United States,...

View firm profile
Explore more from Greenberg Traurig

In a Halloween-eve move sure to send shivers down the spines of every public company's CISO, on Oct. 30, the SEC filed a securities fraud complaint targeting SolarWinds...

United StatesTechnology
Go-To Guide:
  • On Oct. 30, 2023, the SEC filed its first case against a public-company Chief Information Security Officer (CISO) after the well-published SolarWinds Corp. “SUNBURST” cyberattack.
  • The SEC alleges that the CISO, from SolarWinds October 2018 initial public offering through the company's December 2020 announcement of the SUNBURST cyberattack, defrauded investors by overstating SolarWinds' cybersecurity practices and understating (or not disclosing) known cyber risks.
  • According to the SEC, SolarWinds' public statements about its cybersecurity practices and risks did not square with internal assessments shared with the CISO, as well as the CISO's own presentations about the company's cyber vulnerabilities.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from