A South Carolina-based software company agreed to pay $3 million to the Securities and Exchange Commission (SEC) to settle claims it violated securities law by failing to disclose the true scope of a ransomware attack that affected 13,000 users.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...