SolarWinds reaches a $26m settlement with shareholders and anticipates action from the SEC after a 2018 corporate presentation revealed the company's remote access setup was not secure. The presentation also highlighted the vulnerability of critical assets and inappropriate access to critical systems/data.
The SEC announcement cites a 2018 corporate presentation that was shared internally, including with Brown, and which described SolarWinds’ remote access setup as “not very secure.”
Brown himself is alleged to have delivered presentations in 2018 and 2019 that stated the “current state of security leaves us in a very vulnerable state for our critical assets” adding “ccess and privilege to critical systems/data is inappropriate.”SolarWinds reaches $26m settlement with shareholders, expects SEC action
Solarwinds Settlement Shareholders SEC Remote Access Security Vulnerability Critical Assets Cyber Risks
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