SolarWinds’ head of information security says the world needs tougher cybersecurity laws.
Tim Brown made the claim in an interview with the Financial Times (FT) on Sunday (September 29), his first since the federal court dismissed most of the federal lawsuits against him.
Mr. Brown was the first chief information security officer to fight the Securities and Exchange Commission’s (SEC) efforts to hold individuals accountable for the massive Russian cyberattack. The lawsuit accused Brown and the company of misleading investors by failing to share “known risks” and misrepresenting the company’s security measures.
The FT has now reported that Brown has warned that global cyber regulation is still “in flux” and that this is “certainly adding to the stress around the world” for those in the field.
“When you don’t have rules to follow, it’s very difficult to follow them,” Brown said. “There are very few security personnel who will do something that is not right, but they just need to tell us what is right to do it,” he added.
Austin-based IT supply chain company SolarWinds was the target of a Russian hack in 2020.
According to the FT, the SEC’s lawsuit is part of regulators’ efforts to address cyber risks and suggests individuals could be held responsible for hacks.
But in July, a federal judge dismissed all but one complaint against Mr. Brown and the company, ruling that the SEC’s efforts to apply accounting rules to cybersecurity measures were “inadmissible.”
In other cybersecurity news, PYMNTS recently wrote about the role of the chief financial officer (CFO) in addressing cyber threats, regulatory requirements, and third-party risks.
“By proactively addressing these challenges, CFOs not only protect their organizations from financial loss and reputational damage, but also become key leaders in the ongoing fight for cybersecurity resiliency,” the report states. “We can build a position as a.”
Taking a collaborative approach means that the CFO works closely with the chief information officer and chief information security officer to ensure that cybersecurity measures are not only in place but consistent with the overall business strategy. means to confirm that
The PYMNTS Intelligence report, “Midmarket CFOs Tagging Competitive Position Among Top Drivers of Uncertainty,” finds that finance executives, especially midmarket financial leaders, are top of mind. focused on current priorities and concerns.
“As the fear of uncertainty looms large, we find that finance leaders are focused on maintaining and strengthening their companies’ competitiveness. An effective risk posture is key to supporting this,” PYMNTS wrote.
More information: Cyberattacks, Cybersecurity, Cybersecurity Regulation, Data Breach, Data Security, News, PYMNTS News, Regulation, SEC, Securities and Exchange Commission, SolarWinds, Tim Brown, What’s Hot
Source link
