US SEC sues SolarWinds for concealing cyber risks before hacking

Considering the $100 million loss at MGM and the $500mm loss at Clorox, it makes total sense that they are going after them especially considering their private equity owners actively avoided their risk management duties.

Additionally as a government contractor, they should hope they don’t get hit with a FCA suit as well considering the DOJ is looking for whistleblowers in cybersecurity.

https://www.americanbar.org/groups/business_law/resources/bu...

Hopefully the first of many, so that security starts be taken seriously across all phases from software development.

Let's do Microsoft next.