Data Privacy & Security Data Privacy & Security

Four IT companies agree to settle US SEC charges over allegedly misleading disclosures of SolarWinds-related security incidents

By Xu Yuan
  • 22 Oct 2024 20:45
  • 22 Oct 2024 20:45
Four IT and security service companies whose networks were affected by the SolarWinds cyberattack have agreed to pay fines of up to $4 million to settle charges over allegedly misleading disclosures to shareholders or investors.
Unisys, Avaya, Check Point Software Technologies and Mimecast were charged by the US Securities and

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Xu Yuan

Senior Correspondent


Xu Yuan has worked for MLex for seven years, all of them based in Hong Kong. She has reported on a wide range of regulatory topics, including antitrust, cybersecurity and data security, in mainland China, Hong Kong and Taiwan. She has broken numerous stories on policymaking and enforcement involving international companies doing business in the region and done substantial court reporting in Hong Kong. She is currently specializing in covering regulatory issues related to future mobility, including connected vehicles. She previously worked for US TV network NBC in Beijing. She received her undergraduate degree in English Literature and Linguistics from Peking University and a master’s degree from the Journalism and Media Studies Centre at The University of Hong Kong.

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