Four Companies Settle Allegations of Deceptive Cyber Disclosures with SEC https://t.co/lL6n4RQ0gb | by @RobinsonCole
Four Companies Settle Allegations of Deceptive #Cyber Disclosures with #SEC #privacy https://t.co/6PtIwcp8DW @ZachASchonfeld https://t.co/6rJFH4g4yc
SEC Fines Companies Millions for Downplaying SolarWinds Breach: https://t.co/672xWhl5af by darkreading #infosec #cybersecurity #technology #news

The U.S. Securities and Exchange Commission (SEC) has imposed nearly $7 million in fines on four companies—Avaya, Check Point, Mimecast, and Unisys—for making misleading statements regarding the impact of the 2020 SolarWinds Orion software breach on their business. The SEC's enforcement action stems from allegations that these companies failed to adequately disclose the security incidents related to the breach, which has been a significant concern in the cybersecurity landscape. The settlement reflects the SEC's ongoing efforts to ensure transparency and accountability in corporate disclosures related to cybersecurity risks.


