NIS2: Where do European Countries Stand on Implementing Cybersecurity Strategies? https://t.co/YyJsS4dBJ2 | by @Orrick
SEC Announces Settlements with Four Issuers regarding Cybersecurity Disclosures https://t.co/noFMw7htvL | by @RopesGray
On Oct. 22, the SEC announced settled administrative actions against four current or formerly public technology companies. Read more in this #GTAlert: https://t.co/u6z7vwJ591. #SEC #Cybersecurity #DataPrivacy #SecuritiesLitigation #Litigation https://t.co/UZFpp2h2Vt
The U.S. Securities and Exchange Commission (SEC) has reached settlements with four technology companies—Unisys, Avaya, Check Point, and Mimecast—over allegations of negligent public disclosures related to the SolarWinds cyberattack. The SEC accused these companies of downplaying the impact of the hack in their communications with investors. As part of the settlement, all four firms will pay civil penalties, although the specific amounts have not been disclosed. This action is part of a broader initiative by the SEC to enforce stricter regulations on misleading cybersecurity disclosures, reflecting an increasing focus on data privacy and security in the technology sector.