CPO Magazine: What the SEC’s Investigation of SolarWinds Means for CISOs and Cybersecurity Disclosures
August 25, 2023
O’Melveny partners Sid Mody, Andrew Geist, and Shelly Heyduk, counsel Bill Martin, and associate Anna Xie co-authored this article discussing the US Securities and Exchange Commission’s investigation of information security software company SolarWinds concerning potential securities violations. “In sending a Wells Notice to SolarWinds’s CISO, the SEC has put CISOs generally on high alert that the agency is focused on how such professionals may be involved in company missteps concerning cybersecurity issues,” the authors wrote. “Managing cybersecurity at a large company often involves multiple layers of personnel involved in different aspects of complex processes, and the SEC may face challenges in investigating, and possibly charging, future CISOs.”
Read the full article here.