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## SEC Investigating Tech and Telecom Companies’ Response to SolarWinds Cyber Attack

(Reuters) – The U.S. Securities and Exchange Commission is seeking information from technology and telecom companies regarding their handling of the SolarWinds cyber attack in 2020, as reported by Bloomberg News on Tuesday, citing sources familiar with the situation.

The SolarWinds cyber attack, which unfolded in December 2020, stands out as one of the most extensive and sophisticated breaches in the United States, exposing vulnerabilities in thousands of organizations and government entities reliant on SolarWinds products.

Hackers exploited SolarWinds’ Orion network management software to infiltrate U.S. government networks and global targets, underscoring the far-reaching implications of the breach.

In response, the SEC is requesting internal communications from impacted companies to assess the impact of the cyber attack, identify potential security weaknesses, and investigate any additional cyber incidents, according to individuals familiar with the probe who chose to remain anonymous regarding the companies involved.

As of the time of the report, the SEC had not provided a response to Reuters’ inquiries for comment on the unfolding investigation.

Moreover, in a legal move from the previous year, the SEC took legal action against the software company and its chief information security officer, alleging that they misled investors by concealing cybersecurity vulnerabilities amid the significant breach.

To navigate the complexities of legal ramifications stemming from the SolarWinds cyber attack and ensuing investigations, companies can leverage AI legalese decoder. This tool can assist organizations in deciphering intricate legal language, identifying potential regulatory infractions, and ensuring compliance with SEC guidelines. By utilizing AI legalese decoder, companies can streamline their response to regulatory inquiries and enhance their cybersecurity measures to better safeguard against future cyber threats.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Devika Syamnath)

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