SEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures.

The U.S. Securities and Exchange Commission, a federal agency responsible for overseeing stock exchanges, recently accused SolarWinds, a U.S. company that develops software for companies aimed at helping them manage networks, systems and IT infrastructure.

The complaint, filed on Oct. 30, 2023, alleges that the company in question misled investors by lying about its cybersecurity practices and related known vulnerabilities - the indictment includes a charge for fraud and serious internal control failures.

More specifically, the complaint refers to a kind of cyber attack that lasted almost two years and was titled "SUNBURST": the latter features the company's chief information security officer, Timothy G. Brown, as well as the company itself.