Regulatory (72)

What Cyber Leaders Are Saying About SolarWinds’ SEC Charges  

The Securities and Exchange Commission’s recent fraud allegations against technology company SolarWinds and its chief information security officer, Tim Brown, over a 2020 data breach have hit the cybersecurity community like a shockwave.


SEC Sues SolarWinds CISO Over 2020 Russian Hack

The Securities and Exchange Commission has sued SolarWinds and its chief information security officer, Tim Brown, over a wide-ranging breach of the company’s software in a 2020 Russian cyber-spying effort. So reports ABC News.


Equifax Fined Almost $14M Over 2017 Data Breach  

A British regulator has ordered the UK arm of Equifax to pay a fine of £11,164,400, or roughly $13.6 million, for a massive 2017 data breach. So reports The Record.


MOVEiT Vendor Faces Widespread Probes After Mass-Hack

Progress Software, the maker of the MOVEit file-transfer software at the center of a mass-hack affecting an ever-growing array of organizations, has found itself facing investigations on all sides.


TikTok Fined $368M in Europe Over Children’s Privacy

TikTok has been slapped with a $368 million fine for running afoul of Europe’s tough data protection rules when it comes to children’s privacy. So reports the Associated Press.


SEC's Breach Disclosure Rules Criticized as 'Worryingly Vague'

Data breach reporting rules newly introduced by the Securities and Exchange Commission have drawn industry pushback. So reports IT Pro.


Wyden Urges Inquiry Into Microsoft Data Breach  

Sen. Ron Wyden (D-Ore.) has called on the Justice Department, the Federal Trade Commission and the Cybersecurity and Infrastructure Security Agency to investigate Microsoft’s handling of cybersecurity. So reports Axios.


Ex-Cybersecurity Pro Charged With $9M Crypto Theft

Federal prosecutors have arrested and charged Shakeeb Ahmed, described only as a “former security engineer” for an “international technology company,” with stealing about $9 million in cryptocurrency. So reports Gizmodo.


White House Cyber Roadmap Faces Obstacles, Industry Pros Say  

The Biden administration has announced an implementation plan for the National Cybersecurity Strategy released in March, and the industry wasted no time weighing in on the new framework.


Microsoft Stashes $425M for Expected European Fine

Microsoft has said that it is expanding a reserve fund and will “take a charge of approximately $425 million in the fourth quarter” of 2023 in anticipation of a potential fine for violating Europe’s sweeping data-privacy law. So reports GovInfoSecurity.


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