SEC
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Elon Musk is mad at the SEC again
The Securities and Exchange Commission is preparing “numerous counts” against Elon Musk, according to a letter from his lawyer that Musk posted to X. It has also “reopened an investigation into Neuralink.” The letter is short on specifics — such as what the charges may be, and how many Musk companies are affected. Instead, Musk’s lawyer, Alex Spiro, complains that “the…
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18 states want the SEC to stop enforcing crypto regulation
The US Securities and Exchange Commission wants to “unilaterally wrest regulatory authority away from the States” when it comes to crypto, according to a lawsuit from 18 states. These states want to halt the SEC’s enforcement actions, so they can manage crypto regulation instead. Also named as a plaintiff on the suit is the DeFi Education Fund, a special interest…
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These tech firms downplayed the impact of the SolarWinds hack – now they’ve been fined by the SEC
The US Securities and Exchange Commission (SEC) has charged four major tech firms with failing to tell the truth about their exposure to the 2020 SolarWinds hack. Unisys, Avaya Holdings, Check Point Software, and Mimecast have agreed to pay civil penalties of $4 million, $1 million, $995,000, and $990,000 respectively. “As today’s enforcement actions reflect, while public companies may become…
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SEC charges tech companies for downplaying SolarWinds breaches
The SEC has charged four companies—Unisys Corp, Avaya Holdings, Check Point Software, and Mimecast—for allegedly misleading investors about the impact of their breaches during the massive 2020 SolarWinds Orion hack. “The Securities and Exchange Commission today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially…
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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal
Impact on vendor trust and certification verification This case highlights the vulnerabilities that organizations face when relying on third-party certifications. The fraudulent certification raises serious concerns for CIOs and IT leaders who depend on certified data centers to ensure fault tolerance and security for critical data. “With this episode, organizations will have to go deeper to verify the reported credentials,…
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