SolarWinds has labelled the US Securities and Exchange Commission’s (SEC) charges over cyber disclosures as “legally and factually” flawed in a scatching rebuttal to claims it acted negligently in the months preceding the 2020 SUNBURST attack.
In a statement released on 8 November, the company provided answers to a series of questions relating to the case and SolarWinds’ conduct during the breach.
Part of SolarWinds’ response was to accuse the SEC of misleadingly quoting snippets of documents and internal communications out of context in order to build a “false narrative” about the firm’s security practices.
In charges filed on 30 October 2023, the SEC alleged SolarWinds and its chief information security officer (CISO) Tim Brown defrauded investors by understating their security vulnerabilities and misleading them about the scale and severity of the attack.
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“SolarWinds allegedly misled investors by disclosing only generic and hypothetical risks at a time when the company and Brown knew of specific deficiencies in SolarWinds’ cyber security practices as well as the increasingly elevated risks the company faced at the same time,” the SEC said.
In its response, SolarWinds was clear to point out a number of issues it found with the charges and cast doubt on the competency of the SEC as a body to govern over cases of this nature.
The company categorically denied allegations it lacked adequate cyber security...
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