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Top related persons:
SolarWinds - 2 Sudhakar Ramakrishna - 2 Tim Brown - 1 Brown - 1 Gurbir Grewal - 1 weren't - 1 Solarwinds - 1 Kevin Thompson - 1
Top related locs:
Russian New York U.S Clorox SolarWinds ” Austin , Texas Moscow
Top related orgs:
SEC - 2 SolarWinds Corp - 1 New York Stock Exchange - 1 Securities and Exchange Commission - 1 software - 1 Orion - 1 unf - 1 Regulators - 1

Search resuls for: "Sudhakar Ramakrishna"


2 mentions found


☆ SEC alleges SolarWinds and key executive misled investors about cybersecurity prior to 'massive' cyberattack
  + stars: | 2023-10-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +6 min
"We allege that, for years, SolarWinds and Brown ignored repeated red flags about SolarWinds' cyber risks, which were well known throughout the company," SEC enforcement director Gurbir Grewal said in a press release. SolarWinds went public in 2018, and made only "generic" disclosures about cybersecurity risk in both its prospectus and in continued filings, the complaint said. However, the SEC alleged that SolarWinds and Brown knew that the company's cybersecurity practices were weak, pointing to an internal presentation from Brown that was made the same month SolarWinds went public. It appears to be one of the first times the SEC has alleged a company misled and defrauded investors over cybersecurity risks. In reality, Brown knew that the company was not following those best practices, the SEC alleged.
Persons: SolarWinds, Tim Brown, Brown, Gurbir Grewal, weren't, Solarwinds, Kevin Thompson, Sudhakar Ramakrishna, Mr, Alec Koch Organizations: SolarWinds Corp, New York Stock Exchange, Securities and Exchange Commission, SEC, software, Orion, unf, Regulators, MGM Resorts, CNBC Locations: New York, U.S, Russian, Clorox, SolarWinds
☆ SolarWinds chief vows to fight any legal action from US regulators over alleged Russian hack
  + stars: | 2023-06-23 | by ( Sean Lyngaas | ) edition.cnn.com   time to read: +3 min
The US Securities and Exchange Commission has informed current and former SolarWinds executives that it intends to recommend “civil enforcement action” alleging the company broke federal securities laws in its public statements and “internal controls” related to the hack, SolarWinds said in a filing with regulators on Friday. The SEC notice is an indication that US regulators are moving closer to bringing a civil lawsuit against SolarWinds that could result in fines or other penalties. For several months in 2020, hackers used software made by SolarWinds and other technology firms to burrow into US government agencies and corporate victims in an apparent spying campaign. After the hack became public, US lawmakers demanded answers from federal cybersecurity officials on why the hackers were undetected for so long, as well as criticized SolarWinds for its security practices prior to the hack. But SolarWinds says it has instituted numerous security reforms in the years since the hack, and has pushed that message of reform in public appearance with federal officials.
Persons: SolarWinds, –, Biden, “, ”, Sudhakar Ramakrishna, SolarWinds “, ” Ramakrishna Organizations: CNN, US Securities and Exchange, Justice, Homeland Security, SEC Locations: Russian, ” Austin , Texas, Moscow
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