IANS LIVE-US SUES SUDHAKAR RAMAKRISHNA-RUN SOLARWINDS FOR MISLEADING INVESTORS BEFORE MASSIVE HACK
May 7, 2025
Fixtures

No live matches found !

Result6 May 2025
Match 56
MI
MI
155/8 (20 ov)
GT
GT
147/7 (19 ov)
GT won by 3 wickets (DLS method)
Result5 May 2025
Match 55
SRH
SRH
0/0 ( ov)
DC
DC
133/7 (20 ov)
No Result
Result4 May 2025
Match 54
PBKS
PBKS
236/5 (20 ov)
LSG
LSG
199/7 (20 ov)
PBKS won by 37 runs
Result4 May 2025
Match 53
KKR
KKR
206/4 (20 ov)
RR
RR
205/8 (20 ov)
KKR won by 1 run
Result3 May 2025
Match 52
RCB
RCB
213/5 (20 ov)
CSK
CSK
211/5 (20 ov)
RCB won by 2 runs
Result2 May 2025
Match 51
GT
GT
224/6 (20 ov)
SRH
SRH
186/6 (20 ov)
GT won by 38 runs
Result1 May 2025
Match 50
RR
RR
117/10 (16.1 ov)
MI
MI
217/2 (20 ov)
MI won by 100 runs
Result30 April 2025
Match49
CSK
CSK
190/10 (19.2 ov)
PBKS
PBKS
194/6 (19.4 ov)
PBKS won by 4 wickets
Result29 April 2025
Match 48
DC
DC
190/9 (20 ov)
KKR
KKR
204/9 (20 ov)
KKR won by 14 runs
Result28 April 2025
Match 47
RR
RR
212/2 (15.5 ov)
GT
GT
209/4 (20 ov)
RR won by 8 wickets
Result27 April 2025
Match 46
DC
DC
162/8 (20 ov)
RCB
RCB
165/4 (18.3 ov)
RCB won by 6 wickets
Result27 April 2025
Match 45
MI
MI
215/7 (20 ov)
LSG
LSG
161/10 (20 ov)
MI won by 54 runs
Result26 April 2025
Match 44
KKR
KKR
7/0 (1 ov)
PBKS
PBKS
201/4 (20 ov)
No result
Result25 April 2025
Match 43
CSK
CSK
154/10 (19.5 ov)
SRH
SRH
155/5 (18.4 ov)
SRH won by 5 wickets
Result24 April 2025
Match 42
RCB
RCB
205/5 (20 ov)
RR
RR
194/9 (20 ov)
RCB won by 11 runs
Result23 April 2025
Match 41
SRH
SRH
143/8 (20 ov)
MI
MI
146/3 (15.4 ov)
MI won by 7 wickets
Result22 April 2025
Match 40
LSG
LSG
159/6 (20 ov)
DC
DC
161/2 (17.5 ov)
DC won by 8 wickets
Result21 April 2025
Match 39
KKR
KKR
159/8 (20 ov)
GT
GT
198/3 (20 ov)
GT won by 39 runs
Result20 April 2025
Match 38
MI
MI
177/1 (15.4 ov)
CSK
CSK
176/5 (20 ov)
MI won by 9 wickets
Result20 April 2025
Match 37
PBKS
PBKS
157/6 (20 ov)
RCB
RCB
159/3 (18.5 ov)
RCB won by 7 wickets

US sues Sudhakar Ramakrishna-run SolarWinds for misleading investors before massive hack

Representational photo

Washington, Oct 31 (IANS) The US Securities and Exchange Commission (SEC) has announced charges against software company SolarWinds (run by Indian-origin CEO Sudhakar Ramakrishna) and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.

The complaint alleged that from at least its October 2018 initial public offering through at least its December 2020 announcement that it was the target of a massive, nearly two-year long cyberattack, dubbed 'SUNBURST', SolarWinds and Brown defrauded investors by overstating the company's cybersecurity practices and understating or failing to disclose known risks. 

“We allege that, for years, SolarWinds and Brown ignored repeated red flags about SolarWinds’ cyber risks, which were well known throughout the company and led one of Brown’s subordinates to conclude: ‘We’re so far from being a security minded company," said Gurbir S. Grewal, Director of SEC’s Division of Enforcement. 

"Rather than address these vulnerabilities, SolarWinds and Brown engaged in a campaign to paint a false picture of the company’s cyber controls environment, thereby depriving investors of accurate material information,” he said in a statement.

In a blog post, SolarWinds CEO Ramakrishna accused the SEC of launching a “misguided and improper enforcement action” against the company and that it will “vigorously oppose this action".

"How we responded to SUNBURST is exactly what the US government seeks to encourage. It is alarming that the Securities and Exchange Commission (SEC) has now filed what we believe is a misguided and improper enforcement action against us, representing a regressive set of views and actions inconsistent with the progress the industry needs to make and the government encourages,” Ramakrishna added.

“The actions we have taken over the last two and half years motivate us to stay the course and to push back against any efforts that will make our customers and our industry less secure,” he added.

The SEC complaint said that SolarWinds allegedly misled investors by disclosing only generic and hypothetical risks at a time when the company and Brown knew of specific deficiencies in SolarWinds’ cybersecurity practices as well as the increasingly elevated risks the company faced at the same time.

In addition, the SEC’s complaint alleged that multiple communications among SolarWinds employees, including Brown, throughout 2019 and 2020 questioned the company’s ability to protect its critical assets from cyberattacks. 

The complaint alleged that Brown was aware of SolarWinds’ cybersecurity risks and vulnerabilities but failed to resolve the issues or, at times, sufficiently raise them further within the company. 

As a result of these lapses, the company allegedly also could not provide reasonable assurances that its most valuable assets, including its flagship Orion product, were adequately protected, said the SEC complaint.

Alec Koch, an attorney for Brown, said that he looks forward to defending Brown’s reputation and “correcting the inaccuracies in the SEC’s complaint," reports TechCrunch.