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The SEC has dropped its lawsuit against SolarWinds and its CISO, which accused them of misleading investors about security practices related to the 2020 SUNBURST attack. SolarWinds claims the decision is a vindication, easing concerns among CISOs about regulatory repercussions in cyber incidents. The case highlighted the challenges of holding executives accountable after cyberattacks.
The SEC has dismissed its lawsuit against Gemini Trust over the Gemini Earn program after investors fully recovered their assets. This decision marks the end of a three-year legal battle that began when Gemini Earn was accused of offering unregistered securities. The ruling prevents the SEC from bringing similar claims against Gemini in the future.