Four current or former public companies will pay a total of nearly $7 million in fines to settle charges by the Securities and Exchange Commission that they underplayed or failed to disclose material information about how the SolarWinds Orion hack affected them.
Unisys Corp. will pay $4 million and Israel-based Check Point Software Technologies will pay $995,000 to settle allegations that each public company did not fully disclose to investors how much of their corporate data had been compromised in the massive 2020 SolarWinds hack. The firms also maintained in their public disclosures that their cybersecurity defenses were adequate, when in fact they knew that those defenses had been pierced in the SolarWinds hack, the SEC said Tuesday in a press release.
