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Which fined company will have largest stock price increase by end of 2025?
3
Resolution / Starting Odds
Unisys • 25%
Check Point • 25%
Mimecast • 25%
Avaya • 25%
Stock market data from official exchanges
Story
SEC Fines Four Tech Firms $7 Million for Negligently Misleading SolarWinds Disclosures
Oct 22, 2024, 04:47 PM
The U.S. Securities and Exchange Commission (SEC) has fined four tech companies a combined total of $7 million for misleading disclosures related to the 2020 SolarWinds cyber attack. The companies involved are Unisys, Check Point, Mimecast, and Avaya. These firms were found to have deliberately downplayed and minimized the impact of the breach, which was allegedly carried out by Russian operatives. The SEC's action underscores the importance of transparency and accurate reporting in cybersecurity incidents. The companies were fined for negligently downplaying the impact of the espionage attack.
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