SolarWinds execs targeted by SEC; CEO vows to fight

The Security and Exchange Commission (SEC) has issued a notice to SolarWinds executives that it intends to bring enforcement actions against them for their role in the 2020 SolarWinds cyber incident. But neither SolarWinds as an organization nor its current or former employees seem prepared to go down without a fight.

In response to a Wells Notice issued by the SEC, SolarWinds CEO Sudhakar Ramakrisha sent an internal email to employees vowing to fight any legal action taken by the regulator.

“Recently, SEC staff notified some of our former and current employees that they are considering bringing legal action against these employees along with the company,” Ramakrishna told employees in the email provided to Dark Reading. “We disagree that any such action is warranted against either the company or any employees, and we will continue to explore a potential resolution of this matter before the SEC makes any final decision. And if the SEC does ultimately decide to initiate any legal action, we intend to vigorously defend ourselves.”

While Ramakrishna goes on to cast the SEC’s actions as a distraction to the organization’s goals, a SolarWinds spokesperson tells Dark Reading that the SEC’s actions against the company and its executives will ultimately hurt the wider cybersecurity community by discouraging disclosures to avoid facing penalties.

To read the complete article, visit Dark Reading.