(Reuters) – SolarWinds Drops Bombshell: Former and Current Executives Issued Wells Notice by SEC Over Cyberattack
Breaking news! SolarWinds, the software firm tied to a massive cyberattack in 2020, revealed on Friday that some of its former and current executives have received a Wells notice from the U.S. Securities and Exchange Commission (SEC). While this doesn’t necessarily mean they have violated any laws, the SEC issues a Wells notice when it plans to take enforcement action against a company.
In December 2020, SolarWinds found itself at the epicenter of a cybersecurity crisis. Hackers compromised the company’s software updates, gaining access to the data of numerous companies and government offices that relied on SolarWinds products. The U.S. government attributed the hack to Russia, adding to the gravity of the situation.
Last November, the SEC recommended taking enforcement action against SolarWinds due to its public statements on cybersecurity and the procedures governing such disclosures.
Stay tuned for more updates on this developing story. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel)
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