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Little-known Austin company gets scrutiny over hack, stock sales
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AP Technology Writer
Before this week, few people were aware of SolarWinds, a Texas-based software company providing vital computer network monitoring services to corporations and government agencies around the world.
But the revelation that elite cyber spies have spent months secretly exploiting SolarWinds’ software to peer into computer networks has put many of its highest-profile customers in national governments and Fortune 500 companies on high alert. And it’s raising questions about how soon company insiders knew of its security vulnerabilities as its biggest investors sold off stock.
Founded in 1999 by two brothers in Tulsa, Oklahoma, ahead of the feared turn-of-the-millennium Y2K computer bug, the company’s website says its first product “arrived on the scene to help IT pros quell everyone’s world-ending fears.”
Little-known SolarWinds gets scrutiny over hack, stock sales
By MATT O BRIENDecember 17, 2020 GMT
FILE - This Tuesday, Aug. 4, 2009, file photo shows the United States Chamber of Commerce building in Washington. Elite cyber spies have spent months secretly exploiting SolarWinds software to peer into computer networks, putting many of the company s highest-profile customers in national governments, including the U.S. Treasury and Commerce departments, and Fortune 500 companies on high alert. (AP Photo/Manuel Balce Ceneta, File)
FILE - This Tuesday, Aug. 4, 2009, file photo shows the United States Chamber of Commerce building in Washington. Elite cyber spies have spent months secretly exploiting SolarWinds software to peer into computer networks, putting many of the company s highest-profile customers in national governments, including the U.S. Treasury and Commerce departments, and Fortune 500 companies on high alert. (AP Photo/Manuel Balce Ceneta, File)
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Before this week, few people were aware of SolarWinds, a Texas-based software company that provides vital computer network-monitoring services to corporations and government agencies around the world.
But the revelation that elite cyber spies have spent months secretly exploiting SolarWinds’ software to peer into computer networks including those of U.S. government offices such as the State Department has put many of its highest-profile customers in national governments and Fortune 500 companies on high alert.
“They’re not a household name the same way that Microsoft is. That’s because their software sits in the back office,” said Rob Oliver, a research analyst at Baird who has followed the company for years. “Workers could have spent their whole career without hearing about SolarWinds. But I guarantee your IT department will know about it.”
Before this week, few people were aware of SolarWinds, a Texas-based software company providing vital computer network monitoring services to corporations and government agencies around the world.
But the revelation that elite cyber spies have spent months secretly exploiting SolarWinds software to peer into computer networks has put many of its highest-profile customers in national governments and Fortune 500 companies on high alert.
“They’re not a household name the same way that Microsoft is. That’s because their software sits in the back office, said Rob Oliver, a research analyst at Baird who has followed the company for years. “Workers could have spent their whole career without hearing about SolarWinds. But I guarantee your IT department will know about it.”
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