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SolarWinds plans to invest between US$20 million and US$25 million in security-related initiatives this year following a massive cyberattack that compromised many high-profile customers. The embattled IT infrastructure management vendor said the money will be put toward security initiatives as well as used to cover higher costs around both insurance and professional fees stemming from the breach, according to CFO Barton Kalsu. SolarWinds admitted Dec. 13 that nation-state hackers had injected malicious code into its Orion network monitoring product from March 2020 to June 2020. “These [costs] are not necessarily related to remediation as much as we are looking at these as extensions and investments for us going forward,” SolarWinds President and CEO Sudhakar Ramakrishna told investors Thursday. “Our aspiration is to support the broader needs of IT, Dev[elopement] and SecOps [security operations] protection.” ....
SolarWinds To Spend Up To $25M On Security Following Attack crn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com Daily Mail and Mail on Sunday newspapers.
SolarWinds has agreed to pay its top executive in charge during the entirety of the colossal Russian hacking campaign US$312,500 to help the company defend itself in investigations. The embattled infrastructure management firm disclosed Wednesday that it’s agreed to pay former CEO Kevin Thompson (pictured) $62,500 for each of the next five months as SolarWinds faces a likely wave of lawsuits and government probes into its conduct around the hack. Thompson led the firm from the time hackers established a presence in SolarWinds’ Orion software through when news of the attack went public. “Mr. Thompson will, at the request of the Board of Directors of the company, assist and cooperate with the Company in investigating, defending or prosecuting any investigations or other proceedings involving the company,” SolarWinds wrote in a filing late Wednesday with the US Securities and Exchange Commission (SEC). ....
SolarWinds has agreed to pay their top executive during the entirety of the colossal Russian hacking campaign $312,500 to help the company defend itself in investigations. ....
Ah, right on time: Hacker-slammed SolarWinds sued by angry shareholders theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.