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SolarWinds, Tim Brown Supporters Warn of Damage from SEC Case
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Hello. In a coordinated effort Friday, chief information security officers, tech companies and former government officials filed court briefs supporting SolarWinds and its CISO Tim Brown in the Securities and Exchange Commission lawsuit against them.
The SEC sued SolarWinds and Brown in October, charging they misled investors and the public about the severity of the 2020 Russian cyberattack and the state of the company’s cybersecurity program.
Supporters, in their court filings, variously warned that the suit will deter companies from sharing details about security incidents with the government as well as chill candid internal discussions of vulnerabilities.
A group of 30 individual CISOs and professional groups agreed, noting the role of the top corporate cyber executive is in flux, with skills, experience and responsibilities differing from company to company. The SEC's suit means CISOs risk personal liability when disclosing important security information, they said.
More news:
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Cyber attack Pennsylvania state courts
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Tristar Insurance started to notify customers of hack from 2022
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Meta's 'incoherent' manipulated media policy
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U.S. moves against spyware abusers
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CONTENT FROM: Netscout
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3 Ways Strategic Security Spend Fuels Business Growth
Security spending has been perceived as a necessary expense. But how it’s spent matters to the security of your organization. Learn three areas where security spending can serve as a revenue protection and growth stimulant for your business.
Read More
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Court cyberattack: Pennsylvania state courts in capitol Harrisburg said a denial-of-service attack disrupted public websites and portals for electronic filing but court proceedings continued Monday. The Federal Bureau of Investigation and U.S. Cybersecurity and Infrastructure Security Agency are helping investigate. (Associated Press)
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Tristar Insurance Group said a cyberattack in November 2022 compromised the personal data of 35,120 customers. The company, which provides property and casualty, managed care and other insurance, said its "time intensive review" of exposed information required outside assistance. Tristar, based in Long Beach, Calif., started to notify affected people Feb. 1, it said.
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PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS
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'Incoherent.' Meta's oversight board said the company's rules for manipulated media are "incoherent" and narrowly focused on AI, as it released its decision that a fake video saying President Joe Biden is a pedophile is allowed on Facebook under current rules. The company told the board it is reviewing its rules. The Biden video apparently wasn't made with AI, instead composed of manipulated video clips. (Reuters)
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State and local election officials say they need more money, training and help protecting polling places and data from threats such as hacking, deepfake voice and video messages and physical harm. (Cyberscoop)
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The National Bank of Romania warned of a deepfake video that shows its governor Mugur Isarescu pitching stock investments and a fraudulent website. Romania is set to hold elections this year for president, parliament and other ballots. (Bloomberg)
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PHOTO: MARK SCHIEFELBEIN/ASSOCIATED PRESS
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Visa restrictions: The U.S. said it will impose visa restrictions on foreigners known to abuse commercial spyware. Misuse includes using the tools to target dissidents and "facilitate repression," U.S. Secretary of State Antony Blinken (pictured) said in a statement. "Additionally, the misuse of these tools presents a security and counterintelligence threat to U.S. personnel," he said.
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S. Michelle Farr joined NXP Semiconductors as CISO after serving in the same role at semiconductor supplier Ultra Clean Technology from November 2021. Farr also sits on the board of Xtar, which makes batteries and chargers, and two non-profit organizations focused on the disease ALS.
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Henry Jiang was appointed CISO of Therapy Brands, a medical-practice software maker. Jiang has served in executive cyber roles at Diligent, Oppenheimer and Société Générale.
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