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Solarwinds headquarters3/31/2024 ![]() But the fact the inquiries comes from the SEC's enforcement staff could raise the prospect of investigations and steep penalties if companies fail to disclose breaches or did not have the appropriate controls in place to deal with past attacks, four attorneys who regularly handle SEC cases said.Īn SEC official said the request's intent was to find other breaches relevant to the SolarWinds incident. ![]() The requests are voluntary, and companies are obliged to disclose anything material to investors. And most companies have had unreported breaches since then." The consultant spoke on condition of anonymity to discuss his experience. "What companies are concerned about is they don't know how the SEC will use this information. ![]() "I've never seen anything like this," said a consultant who works with dozens of publicly traded companies that recently received the request. ![]()
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