SEC claims SolarWinds misled investors about cyber practices before 2020 breach

SolarWinds' headquarters in Austin, Texas in April 2021. Photo: Suzanne Cordeiro/AFP via Getty Images

The SEC is also charging Timothy Brown, SolarWinds' top security executive, with fraud — a decision that is sure to, SolarWinds and Brown allegedly presented misleading and false statements about the company's cybersecurity risks and practices from October 2018 to "at least" January 12, 2021. In its security statement, the SEC claims SolarWinds overstated the security of its password policies and software development process, as well as its policies for determining who has access to what internal data.when a cyber company then known as FireEye discovered that Russian state-backed hackers had broken into SolarWinds' IT systems and deployed malicious code into its software product updates.

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