The SEC has reached a settlement in principle with SolarWinds relating to the cybersecurity failings that allowed Russian state hackers, known as Cozy Bear, to compromise its Orion platform. This incident, known as Sunburst/Solorigate, involved malicious code that was inadvertently distributed to around 20,000 customers, including sensitive U.S. government agencies. SolarWinds and the SEC have filed for the stay of all pending deadlines as they finalize the settlement, which must be approved by the SEC's commissioners. Most claims from the SEC against SolarWinds were dismissed last year by the court.
SolarWinds settled with the SEC in principle over failings related to the Sunburst/Solorigate supply chain incident, where Russian hackers compromised its Orion platform.
The malicious code introduced into SolarWinds' platform affected approximately 20,000 customers, including key American government bodies involved in national security.
A request was made to stay all pending dates in the case as the SEC and SolarWinds move towards finalizing the settlement, which requires SEC approval.
Most of the SEC's claims against SolarWinds and its chief information security officer were dropped last year by the presiding judge.
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