The U.S. Securities and Exchange Commission (SEC) charged four major companies — Unisys Corp.(NYSE:UIS), Avaya Holdings Corp., Check Point Software Technologies (NASDAQ:CHKP) and Mimecast — with making materially misleading public disclosures related to cybersecurity risks and breaches.
SEC argued these four companies downplayed the seriousness of the SolarWinds Corp. (NYSE:SWI) Orion software supply chain attack in their filings, potentially misleading investors about the true impact of the breaches.
“As today’s enforcement actions reflect, while public companies may become targets of cyberattacks, it is incumbent upon them to not further victimize their shareholders or other members of the investing public by providing misleading disclosures about the cybersecurity incidents they have encountered,” said Sanjay Wadhwa, acting director of the SEC’s Division of Enforcement.
Unisys, a major IT services provider, was hit with …
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