SolarWinds Misled Public on Cyber Risks Before Hack, SEC Claims
- Regulator also sued the top computer security official at firm
- SolarWinds misled investors over security risks, SEC says
SolarWinds Corp. headquarters in Austin, Texas.
Photographer: Bronte Wittpenn/BloombergThis article is for subscribers only.
The Securities and Exchange Commission alleged on Monday that SolarWinds Corp. defrauded investors by downplaying security risks ahead of a hack of its software that rippled through computer systems across the US government and corporate America.
The SEC also accused the top information security official at SolarWinds, Tim Brown, of breaking securities rules in a lawsuit filed in federal court in Manhattan. The action is the first time the regulator has sued a computer security executive for a cybersecurity-related issue.