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SolarWinds and CISO sued by SEC for cybersecurity failures

SolarWinds CEO Sudhakar Ramakrishna
SolarWinds CEO Sudhakar Ramakrishna has called the SEC ‘misguided’. Photo: Demetrius Freeman-Pool/Getty Images

Complaint alleges software company and its CISO misled investors about cybersecurity practices and known risks. We assess the implications.

Charges against SolarWinds Corporation for misleading investors over security failures have been announced by the SEC, but the company has hit back, claiming the regulator has manufactured’ a claim against it in another example of ‘overreach’. A court battle looms.

On Monday, the SEC announced charges against the Austin, Texas-based