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The SEC’s Charges Against SolarWinds and its Chief Information Security Officer Provide Important Cybersecurity Lessons for Public Companies

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On October 30, 2023, the US Securities and Exchange Commission (“SEC”) announced that it filed charges against SolarWinds Corp. (“SolarWinds” or the “Company”) and its Chief Information Security Officer (“CISO”) in connection with the SEC Division of Enforcement’s (“Enforcement Division”) investigation of a cyberattack. The complaint alleges that the Company “defrauded SolarWinds’ investors and customers through misstatements, omissions, and schemes that concealed both the Company’s poor…
By: White & Case LLP
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Part I: NFT Lending — Legal Issues Involving Secured Transactions under the UCC, Pre- and Post-Article 9 and 12 Amendments