The SEC has voluntarily dismissed its 2023 lawsuit against SolarWinds and its CISO, citing discretion in the decision. SolarWinds expressed satisfaction with the outcome, which follows a court ruling that dismissed most charges for relying on hindsight. #SolarWinds #CISO #Cyberattack2020 #RussianHackers #SEC
Keypoints
- The SEC decided to voluntarily dismiss the 2023 lawsuit against SolarWinds and its CISO.
- The lawsuit accused SolarWinds of misleading investors about cybersecurity risks before the 2020 attack.
- A court ruling in July 2024 dismissed most charges for relying on hindsight and speculation.
- The 2020 cyberattack involved Russian hackers embedding malware in SolarWinds’ monitoring software.
- The attack compromised federal agencies and several large corporations, prompting SEC fines for disclosure lapses.
Read More: https://therecord.media/solawards-lawsuit-dismissed-sec