financetom
Business
financetom
/
Business
/
SEC ramps up hack probe with focus on tech, telecom companies, Bloomberg News says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
SEC ramps up hack probe with focus on tech, telecom companies, Bloomberg News says
Mar 26, 2024 2:54 PM

(Reuters) - The U.S. Securities and Exchange Commission is asking technology and telecom companies how they handled the SolarWinds ( SWI ) cyber attack in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The hack of information technology company SolarWinds ( SWI ), one of the broadest and most sophisticated cyber attacks in the United States, was identified in December 2020 and gave away access to thousands of companies and government offices that used its products.

Hackers were able to use the company's flagship network management software called Orion as a springboard into U.S. government networks and international targets.

The regulator has asked for internal communications of affected companies about the cyber attack's impact, probing for gaps in corporate security and for other cyber incidents, the report said, citing people familiar with the matter who did not identify the companies.

The SEC did not immediately respond to a Reuters request for comment on the report.

Last year, the SEC sued the software company and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during the massive hack.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
i-80 Gold Edging Lower In US Premarket Trade As Prices Upsized Offering of US$250 Million Convertible Senior Notes
i-80 Gold Edging Lower In US Premarket Trade As Prices Upsized Offering of US$250 Million Convertible Senior Notes
Mar 19, 2026
07:36 AM EDT, 03/19/2026 (MT Newswires) -- i-80 GOLD CORP. ( IAUX ) was edging lower in US premarket trade after announcing Thursday that it has priced its previously announced offering of unsecured convertible senior notes due 2031. The company in a statement said it intends to issue US$250 million aggregate principal amount of Notes (or US$287.5 million aggregate principal...
Ferrari Reportedly Suspends Most Shipments in Middle East
Ferrari Reportedly Suspends Most Shipments in Middle East
Mar 19, 2026
07:40 AM EDT, 03/19/2026 (MT Newswires) -- Ferrari (RACE) has suspended most deliveries in the Middle East due to the ongoing war in Iran, multiple media reports said Thursday, citing a company statement. Ferrari didn't immediately reply to a request for comment from MT Newswires. ...
Update: BP, Exxon Mobil Units Face Anticompetitive Conduct Probe in Australia
Update: BP, Exxon Mobil Units Face Anticompetitive Conduct Probe in Australia
Mar 19, 2026
07:44 AM EDT, 03/19/2026 (MT Newswires) -- (Updates to add BP's comment in the fifth paragraph) BP (BP) and Exxon Mobil's ( XOM ) Australian units are among the fuel suppliers facing a preliminary enforcement probe into allegations of anticompetitive conduct, the Australian Competition and Consumer Commission said Thursday. BP Australia, Mobil Oil Australia, Ampol, and Viva Energy Australia are...
Kenya revives stalled China-backed railway after six-year halt
Kenya revives stalled China-backed railway after six-year halt
Mar 19, 2026
* Extension lacked funding, took more than six years to kick off * Kenya using securitisation of revenue, joint projects with Chinese firms * Railway line has been viewed as a symbol of Beijing's 'Africa debt trap' * China's CRBC is the main contractor for rail extension (Updates throughout with launch ceremony, president quotes, second analyst) By Duncan Miriri NAIROBI,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved