Tech firms to pay millions in SEC penalties for misleading SolarWinds disclosures

Four high-profile tech companies reached an agreement with the Securities and Exchange Commission to pay millions of dollars in penalties for misleading investors about their exposure to the 2020 SolarWinds hack. Communications tech outfit Avaya, Israeli cybersecurity shop Check Point, and email security biz Mimecast have agreed to fork over $1 million, $995,000, and $990,000, respectively for “making materially misleading disclosures regarding cybersecurity risks and intrusions,”

Source: The Register

 


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