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A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

18Nov

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A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

Nov. 18, 2023 10:00 am ETThe call is coming from inside the hack.A ransomware gang claimed this past week that it broke into the systems of the fintech platform MeridianLink. The breach has been reported to regulators. The company didn’t report it, as new rules will require them to do. The hackers did.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.

Nov. 18, 2023 10:00 am ETThe call is coming from inside the hack.A ransomware gang claimed this past week that it broke into the systems of the fintech platform MeridianLink. The breach has been reported to regulators. The company didn’t report it, as new rules will require them to do. The hackers did.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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 ...