Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

SEC ramps up hack probe with focus on tech, telecom companies, Bloomberg News says

Published 03/26/2024, 05:22 PM
Updated 03/26/2024, 05:26 PM
© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) - The U.S. Securities and Exchange Commission is asking technology and telecom companies how they handled the SolarWinds (NYSE:SWI) cyber attack in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The hack of information technology company SolarWinds, one of the broadest and most sophisticated cyber attacks in the United States, was identified in December 2020 and gave away access to thousands of companies and government offices that used its products.

Hackers were able to use the company's flagship network management software called Orion as a springboard into U.S. government networks and international targets.

The regulator has asked for internal communications of affected companies about the cyber attack's impact, probing for gaps in corporate security and for other cyber incidents, the report said, citing people familiar with the matter who did not identify the companies.

The SEC did not immediately respond to a Reuters request for comment on the report.

Last year, the SEC sued the software company and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during the massive hack.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.