Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

SolarWinds Lawsuit Faces Major Dismissal

July 18, 2024
Reading Time: 2 mins read
in News
SolarWinds Lawsuit Faces Major Dismissal

A federal judge has dismissed a significant portion of the U.S. Securities and Exchange Commission’s lawsuit against SolarWinds, the IT firm involved in the 2020 cyberattack. U.S. District Judge Paul Engelmayer’s ruling found that the SEC’s claims, which accused SolarWinds of failing to disclose deficiencies in its cybersecurity practices, were based on hindsight and speculation. The judge determined that SolarWinds’ post-hack disclosures were accurate and adequately described the impact of the SUNBURST attack, which had exploited vulnerabilities in the company’s Orion software.

Filed in October 2023, the SEC’s complaint targeted both SolarWinds and its Chief Information Security Officer, Tim Brown. The SEC alleged that the company had concealed its poor cybersecurity practices and failed to disclose the full extent of the risks leading up to the attack. Despite the ruling, Engelmayer allowed some claims to proceed, particularly those accusing SolarWinds of making misleading statements about its cybersecurity practices on its website.

The lawsuit’s dismissal is notable as it is rare for the SEC to target a company that was itself a victim of a cyberattack without a settlement. The case also stands out for targeting company executives not directly involved in financial reporting. The ruling reflects ongoing concerns about the balance between adequate cybersecurity disclosures and the potential for exposing sensitive information.

As the legal battle continues, the decision highlights the complex interplay between cybersecurity management and regulatory scrutiny. The case remains a key point of interest for cybersecurity professionals and executives, emphasizing the need for clear and accurate disclosures while navigating the challenges of cyber threats.

Reference:

  • Judge Dismisses Major SEC Claims Against SolarWinds
Tags: Cyber NewsCyber News 2024Cyber threatsJuly 2024lawsuitSECSecurities and Exchange CommissionSolarWinds
ADVERTISEMENT

Related Posts

CISA Releases Thorium for Malware Analysis

CISA Releases Thorium for Malware Analysis

August 1, 2025
CISA Releases Thorium for Malware Analysis

Canadian Criminal Sentenced for NFT Theft

August 1, 2025
CISA Releases Thorium for Malware Analysis

Russia Blocks US‑Made Speedtest Over Security

August 1, 2025
UNC2891 Hackers Breach ATMs

Chinese Firms Tied to Silk Typhoon Patents

July 31, 2025
UNC2891 Hackers Breach ATMs

FunkSec Ransomware Decryptor Released

July 31, 2025
UNC2891 Hackers Breach ATMs

UNC2891 Hackers Breach ATMs

July 31, 2025

Latest Alerts

Dahua Camera Flaws Enable Remote Hacking

NOVABLIGHT Steals Logins and Crypto

PyPI Warns of Email Phishing Attack

Choicejacking Attack Steals Phone Data

Hackers Exploit WordPress Theme Flaw

Hackers Spread JSCEAL via Fake Crypto Apps

Subscribe to our newsletter

    Latest Incidents

    Everest Ransomware Hits Mailchimp

    Cyberattack Hits French Natural History Museum

    Russia Faces Second Major Cyberattack

    SafePay Ransomware Threatens Ingram Micro

    Minnesota State Capital Under Cyberattack

    GLOBAL GROUP Ransomware Hits Albavisión

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial