Democracy Dies in Darkness

SEC: SolarWinds failed to disclose cybersecurity woes before historic breach

In a civil action, the Securities and Exchange Commission charged the company with failing to disclose its problems ahead of a breach by suspected Russian hackers that is considered one of the largest ever

Updated October 30, 2023 at 5:32 p.m. EDT|Published October 30, 2023 at 5:01 p.m. EDT
SolarWinds chief executive Sudhakar Ramakrishna speaks during a 2021 Senate Intelligence Committee hearing on Capitol Hill. (Demetrius Freeman/The Washington Post)
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The Securities and Exchange Commission sued software company SolarWinds on Monday for failing to publicly disclose alleged cybersecurity failures that led to one of history’s biggest computer breaches.

In a complaint filed in the Southern District of New York, the SEC contends that SolarWinds and the company’s chief information security officer, Tim Brown, repeatedly violated the antifraud disclosure and internal controls provisions of federal securities law by not disclosing vulnerabilities that the company knew could lead to a hack.