Tag: Enterprise Management Software

SEC Sues SolarWinds Over 2020 Hack Attributed to Russians
Technology

SEC Sues SolarWinds Over 2020 Hack Attributed to Russians

Updated Oct. 30, 2023 5:41 pm ETThe Securities and Exchange Commission on Monday sued SolarWinds, the software company victimized by Russian-linked hackers over three years ago, alleging the firm defrauded shareholders by repeatedly misleading them about its cyber vulnerabilities and the ability of attackers to penetrate its systems.The SEC’s lawsuit is a milestone in its evolving attempt to regulate how public companies deal with cybersecurity. A hack that steals business secrets or customer data often pummels the victim company’s stock price, showing why firms with public shareholders have to accurately disclose such threats, the SEC says. The regulator recently imposed stricter cybersecurity reporting rules for public companies. Copyright ©2023 Dow Jones & Company, Inc. All Rights ...
SAP Shares Surge After Cloud Business Fuels Revenue Growth
World

SAP Shares Surge After Cloud Business Fuels Revenue Growth

Updated Oct. 19, 2023 9:20 am ETSAP shares jumped in Thursday morning trading after the German business-software company posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business.At 0720 GMT, SAP shares traded 6.4% higher at EUR128.84.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8