Day: October 30, 2023

SolarWinds

SEC Charges SolarWinds and Its CISO with Fraud, Control Failures

On By CC360 Staff

The Securities and Exchange Commission announced charges against Austin, Texas-based software company SolarWinds and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. The complaint alleges that, from at least its October 2018 initial public offering through Read More

FTC Expands Data Breach Reporting Requirements to Nonbank Financial Firms

On By IA360 Staff

The Federal Trade Commission has altered its data security rule, known as the Safeguards Rule, to require nonbank financial firms—including mortgage brokers, auto dealers, and payday lenders—to report data breaches to the agency, according to an announcement made Friday. The FTC’s Safeguards Rule requires non-banking financial institutions, such as mortgage brokers, Read More