Securities and Exchange Commission

On October 30, 2023, the U.S. Securities and Exchange Commission announced charges against SolarWinds Corporation and its Chief Information Security Officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.
Continue Reading SEC Charges SolarWinds and SolarWinds’ CISO with Fraud and Internal Control Failures

Hunton recently published a client alert discussing the importance of cyber and directors and officers liability insurance for companies and their executives to guard against cyber-related exposures. This blog entry provides a link to download the client alert.
Continue Reading Reducing Risks from Cyber Incidents with Cyber and D&O Insurance

On July 26, 2023, the U.S. Securities and Exchange Commission adopted long-anticipated disclosure rules for public companies by a 3-2 party-line vote. The final rules apply both to U.S. domestic public companies, as well as any offshore company that qualifies as a “foreign private issuer” under SEC rules due to a strong nexus to the U.S. capital markets. The new rules are effective as soon as December 18, 2023, and we provide further details in this blog post.
Continue Reading SEC Adopts Final Public Company Cybersecurity Disclosure Rules

On September 20, 2022, the U.S. Securities and Exchange Commission announced that Morgan Stanley Smith Barney agreed to pay a $35 million fine for the firm’s alleged failure to adequately protect the personal information of approximately 15 million customers.
Continue Reading SEC Fines Morgan Stanley $35 Million for Alleged Failure to Protect Customer Data