Security News > 2024 > January > SolarWinds slams SEC lawsuit against it as 'unprecedented' victim blaming

SolarWinds slams SEC lawsuit against it as 'unprecedented' victim blaming
2024-01-29 20:52

In a motion to dismiss [PDF] the SEC's lawsuit, the embattled developer described the fraud charges leveled against it, and its CISO Tim Brown, "As unfounded as they are unprecedented."

In a statement to The Register, Serrin Turner, an attorney at Latham and Watkins, which is representing SolarWinds, railed against the SEC's charges.

"The SEC is trying to move the goalposts and force companies to disclose internal details about their cybersecurity programs, which would be both impractical and dangerous."

In late October, the SEC filed the legal complaint against SolarWinds alleging that the company and its CISO misled investors about its security practices as far back as October 2018.

The SEC complains these disclosures were insufficient, asserting that companies must disclose detailed vulnerability information in their SEC filings.

The SEC did not respond to The Register's request for comment.


News URL

https://go.theregister.com/feed/www.theregister.com/2024/01/29/solarwinds_sec_lawsuit/

Related vendor

VENDOR LAST 12M #/PRODUCTS LOW MEDIUM HIGH CRITICAL TOTAL VULNS
Solarwinds 56 33 101 81 50 265