FILE - The exterior of the Robert F. Kennedy Department of Justice building is pictured on May 4, 2021, in Washington. U.S. regulators on Monday, Oct. 30, 2023, sued SolarWinds, a Texas-based technology company whose software was breached in a massive 2020 Russian cyberespionage campaign, for fraud for failing to disclose security deficiencies ahead of the stunning hack. Detected in December 2020, the SolarWinds hack penetrated U.S.
In a statement, SolarWinds called the SEC charges unfounded and said it is “deeply concerned this action will put our national security at risk.” Among the SEC’s damning allegations: An internal SolarWinds presentation shared that year said the company’s network was “not very secure,” meaning it was vulnerable to hacking that could lead to “major reputation and financial loss. Throughout 2019 and 2020, the SEC alleged, multiple communications among SolarWinds employees, including Brown, “questioned the company's ability to protect its critical assets from cyberattacks.
In its statement, SolarWinds called the SEC action an “example of the agency’s overreach should alarm all public companies and committed cybersecurity professionals across the country.”
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