The company’s top security executive was also named in the complaint filed by the Securities and Exchange Commission seeking unspecified civil penalties, reimbursement of “ill-gotten gains” and the executive's removal.including the Justice and Homeland Security departments, and more than 100 private companies and think tanks. It was a rude wake-up call on the perils of neglecting cybersecurity.
Brown performed his responsibilities “with diligence, integrity, and distinction,” his lawyer, Alec Koch, said in a statement. Koch added that “we look forward to defending his reputation and correcting the inaccuracies in the SEC’s complaint." Brown's current title at SolarWinds is chief information security officer.
The nearly two-year espionage campaign involved the infection of thousands of customers by seeding malware in the update channel of the company’s network management software. Capitalizing on the supply-chain hack, the Russian cyber operators then stealthily penetrated select targets including about a dozen U.S. government agencies and prominent software and telecommunications providers.
Under the Biden administration, the SEC has been aggressive about holding publicly traded companies to account for cybersecurity lapses and failures to disclose vulnerabilities. In July, itrequiring them to disclose within four days all cybersecurity breaches that could affect their bottom lines. Delays would be permitted if immediate disclosure poses serious national-security or public-safety risks.
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