{
SolarWinds Corporation

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}
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SEC fines digital service providers nearly 7 million over solarwinds breach disclosures

On October 22, 2024, the U.S. Securities and Exchange Commission imposed nearly $7 million in fines on four digital service providers for misleading investors about the 2020 SolarWinds cyber breach. The companies were accused of downplaying the incident's impact and failing to disclose material risks, with three settling for around $1 million each and one for $4 million due to additional allegations of improper controls. The SEC emphasized the importance of accurate disclosures in maintaining cybersecurity reputations critical to customer trust and investor confidence.
Lexology
SolarWinds Corporation USA
Regulatory & Legal, Market Report
02:00 27.10.2024

change healthcare data breach affects millions offering credit monitoring services

Healthcare provider associations are seeking clarity on notification responsibilities following the Change Healthcare data breach, which may have affected one in three Americans. The breach has led to significant financial strain on providers, with many reporting revenue losses and increased operational costs. UnitedHealth Group anticipates a $1.6 billion loss this year due to the ransomware attack, while lawmakers demand answers regarding cybersecurity measures and the impact on the healthcare system.
The HIPAA Journal
United States Dollar SolarWinds Corporation Change Healthcare Inc. UnitedHealth Group Incorporated Chegg, Inc. Drizly USA Xavier Becerra Lina S. Khan Melanie Fontes Rainer Gary Gensler Show more
Regulatory & Legal, News Article
09:00 17.10.2024
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