SolarWinds

Shareholders Seek to Hold Current and Former SolarWinds Officials Liable for Massive 2020 Security Breach

Investors filed a derivative suit claiming that the company knew about, and failed to mitigate known, existing cybersecurity risks and shortfalls prior to the security breach. In early November, pension funds and individual shareholders filed a lawsuit against SolarWinds Corporation (“SolarWinds”) as well as current and former members of the board directors. The suit comes in the…
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Cyberattacks

Congressional Cybersecurity Report Warns of Dim Outlook

Cybersecurity has become a primary focus for lawmakers, federal agencies, and the private sector. Cyberattacks have prompted official government actions in the form of Executive Orders, Operational Directives, ransomware guidance, ransomware notification legislation, and dozens of bills aimed at enhancing cybersecurity across industry sectors. A recent report by the Congressional Research Service highlights the different…
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