Four top security companies have been charged for downplaying the impact the SolarWinds Orion compromise had on their systems, an action which violated certain provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, among other related rules.
The US Securities and Exchange Commission charged and fined Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited for “making materially misleading disclosures regarding cybersecurity risks and intrusions.”
