Nov 1, 12:23 PM

SEC Settles with Unisys, Avaya, Check Point, and Mimecast Over SolarWinds Hack Disclosure Negligence with Civil Penalties

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.

#SEC #Unisys #Avaya #Check Point #Mimecast #SolarWinds

Written with ChatGPT (GPT-4o mini).

Sources

Tech Law News@Tech_Law
2 years ago
NIS2: Where do European Countries Stand on Implementing Cybersecurity Strategies? https://t.co/YyJsS4dBJ2 | by @Orrick
Tech Law News@Tech_Law
2 years ago
SEC Announces Settlements with Four Issuers regarding Cybersecurity Disclosures https://t.co/noFMw7htvL | by @RopesGray
Greenberg Traurig LLP@GT_Law
2 years ago
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

SEC Settles with Unisys, Avaya, Check Point, and Mimecast Over SolarWinds Hack Disclosure Negligence with Civil Penalties

Sources

Additional media

Similar Stories