11:15 AM EDT, 10/22/2024 (MT Newswires) -- Unisys ( UIS ) said in a regulatory filing Tuesday that it has reached a settlement with the US Securities and Exchange Commission regarding a previous investigation into its cybersecurity policies and disclosures.

The settlement is made on a "neither admit nor deny" basis, and fully resolves the agency's investigation, the company said. The violations involved the company's handling of certain cybersecurity incidents disclosed in November 2022.

The IT company said it agreed to pay a $4 million civil penalty, which was fully accrued in its 2023 financials and also agreed to a cease and desist order regarding future violations.

The SEC acknowledged Unisys's ( UIS ) cooperation during the investigation and noted the remediation steps the company has taken in its cybersecurity practices since the issues were identified.

Shares of Unisys ( UIS ) were down 6% in recent trading activity.

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