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SEC steps up hacking investigation with focus on tech and telecom companies, Bloomberg News reports

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The U.S. Securities and Exchange Commission is asking technology and telecommunications companies how they handled the SolarWinds cyberattack in 2020, Bloomberg News reported Tuesday, citing people familiar with the matter.

The hack of information technology company SolarWinds, one of the largest and most sophisticated cyberattacks in the United States, was identified in December 2020 and provided access to thousands of businesses and government offices who used its products.

The hackers were able to use the company’s flagship network management software, called Orion, as a springboard into U.S. government networks and international targets.

The regulator has requested internal communications from affected companies on the impact of the cyber attack, looking for gaps in company security and other cyber incidents, the report said, citing people familiar with the matter who did not identified the companies.

The SEC did not immediately respond to a Reuters request for comment on the report.

Last year, the SEC sued the software company and its top information security officer, claiming they defrauded investors by hiding cybersecurity weaknesses during the massive hack.

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